Mitsubishi UFJ Trust & Banking Corp Has $17.53 Million Holdings in Omnicom Group Inc. $OMC

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Omnicom Group Inc. (NYSE:OMC) by 11.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 243,708 shares of the business services provider’s stock after selling 29,969 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of Omnicom Group worth $17,532,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of OMC. Asset Management One Co. Ltd. boosted its holdings in shares of Omnicom Group by 3.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock worth $6,067,000 after buying an additional 2,855 shares in the last quarter. J2 Capital Management Inc bought a new stake in shares of Omnicom Group in the 2nd quarter valued at $383,000. Goldman Sachs Group Inc. lifted its position in shares of Omnicom Group by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock valued at $245,909,000 after acquiring an additional 887,415 shares during the period. Defender Capital LLC. bought a new position in Omnicom Group during the second quarter worth $360,000. Finally, Exchange Traded Concepts LLC boosted its stake in Omnicom Group by 34.8% during the second quarter. Exchange Traded Concepts LLC now owns 13,300 shares of the business services provider’s stock worth $957,000 after acquiring an additional 3,433 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on OMC. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Barclays upped their price target on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.57.

Omnicom Group Trading Down 1.3%

OMC opened at $72.13 on Friday. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $105.99. The firm has a market capitalization of $13.92 billion, a PE ratio of 10.65, a P/E/G ratio of 1.43 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The company’s 50-day moving average is $76.72 and its 200 day moving average is $75.11.

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

Omnicom Group Company Profile

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.