Boston Trust Walden Corp Reduces Position in Omnicom Group Inc. $OMC

Boston Trust Walden Corp lessened its position in shares of Omnicom Group Inc. (NYSE:OMC) by 34.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,021 shares of the business services provider’s stock after selling 9,633 shares during the quarter. Boston Trust Walden Corp’s holdings in Omnicom Group were worth $1,296,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new position in Omnicom Group during the 1st quarter worth approximately $34,000. Gen Wealth Partners Inc acquired a new stake in shares of Omnicom Group during the first quarter worth about $36,000. Ameritas Advisory Services LLC acquired a new stake in shares of Omnicom Group during the second quarter worth about $34,000. Golden State Wealth Management LLC boosted its stake in shares of Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after buying an additional 343 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Omnicom Group during the first quarter worth about $43,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OMC shares. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Bank of America upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research note on Monday, June 23rd. Barclays downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. JPMorgan Chase & Co. cut their price objective 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

Omnicom Group Trading Up 0.9%

Shares of OMC stock opened at $79.23 on Thursday. The business’s fifty day moving average price is $77.22 and its 200 day moving average price is $74.97. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00. The firm has a market capitalization of $15.35 billion, a PE ratio of 11.37, a P/E/G ratio of 1.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the company posted $1.95 earnings per share. Omnicom Group’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast 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.