Universal Beteiligungs und Servicegesellschaft mbH Grows Stock Position in Omnicom Group Inc. $OMC

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 30.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,300 shares of the business services provider’s stock after purchasing an additional 42,509 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Omnicom Group worth $13,259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westpac Banking Corp raised its stake in Omnicom Group by 1.1% in the second quarter. Westpac Banking Corp now owns 29,785 shares of the business services provider’s stock valued at $2,143,000 after buying an additional 329 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Omnicom Group by 16.4% during the second quarter. Rockefeller Capital Management L.P. now owns 88,063 shares of the business services provider’s stock worth $6,335,000 after purchasing an additional 12,415 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in Omnicom Group during the second quarter worth approximately $9,510,000. Ontario Teachers Pension Plan Board acquired a new position in Omnicom Group in the second quarter valued at approximately $255,000. Finally, Intech Investment Management LLC purchased a new position in Omnicom Group during the 2nd quarter worth approximately $256,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Finally, Barclays lifted their price target on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus target price of $96.57.

Omnicom Group Stock Performance

Omnicom Group stock opened at $71.90 on Thursday. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $105.99. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.43 and a beta of 0.94. The stock has a fifty day moving average of $76.44 and a two-hundred day moving average of $75.03. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter last year, the business posted $2.03 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS 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.