Omnicom Group Inc. $OMC Position Boosted by National Pension Service

National Pension Service increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 82,147 shares of the business services provider’s stock after purchasing an additional 2,455 shares during the period. National Pension Service’s holdings in Omnicom Group were worth $5,910,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. bought a new position in shares of Omnicom Group in the second quarter valued at $29,000. Zions Bancorporation National Association UT acquired a new position in shares of Omnicom Group in the 1st quarter worth $34,000. Ameritas Advisory Services LLC acquired a new stake in shares of Omnicom Group during the second quarter worth $34,000. Gen Wealth Partners Inc purchased a new stake in shares of Omnicom Group during the first quarter valued at $36,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Omnicom Group in the 1st quarter valued at $43,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

Shares of OMC opened at $72.13 on Friday. The company has a market capitalization of $13.92 billion, a PE ratio of 10.65, a PEG ratio of 1.43 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The company’s 50 day moving average price is $76.72 and its 200 day moving average price is $75.11. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $105.99.

Omnicom Group (NYSE:OMC) last issued its 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. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the business posted $2.03 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OMC has been the topic of several recent analyst reports. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. Barclays lifted their target price 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, October 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and an average target price of $96.57.

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.