Blake Schutter Theil Wealth Advisors LLC Acquires 798 Shares of Omnicom Group Inc. $OMC

Blake Schutter Theil Wealth Advisors LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 27.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,725 shares of the business services provider’s stock after purchasing an additional 798 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in Omnicom Group were worth $268,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of OMC. Pacer Advisors Inc. lifted its position in Omnicom Group by 17,506.1% during the first quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider’s stock worth $227,512,000 after acquiring an additional 2,728,494 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Omnicom Group by 20.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider’s stock worth $595,147,000 after acquiring an additional 1,205,165 shares during the last quarter. Baird Financial Group Inc. lifted its position in Omnicom Group by 44.5% during the first quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock worth $323,040,000 after acquiring an additional 1,199,725 shares during the last quarter. AQR Capital Management LLC lifted its position in Omnicom Group by 1,836.5% during the first quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock worth $89,114,000 after acquiring an additional 1,030,633 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Omnicom Group by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after acquiring an additional 887,415 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on OMC shares. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Barclays raised their price objective on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report on Saturday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.57.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $78.97 on Friday. The company’s 50 day simple moving average is $77.85 and its 200 day simple moving average is $75.14. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.