Koshinski Asset Management Inc. Has $245,000 Stock Position in Omnicom Group Inc. $OMC

Koshinski Asset Management Inc. reduced its position in shares of Omnicom Group Inc. (NYSE:OMC) by 23.7% in the 2nd quarter, Holdings Channel reports. The firm owned 3,411 shares of the business services provider’s stock after selling 1,062 shares during the period. Koshinski Asset Management Inc.’s holdings in Omnicom Group were worth $245,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new position in Omnicom Group during the second quarter valued at approximately $29,000. Zions Bancorporation National Association UT bought a new position in shares of Omnicom Group in the 1st quarter valued at $34,000. Ameritas Advisory Services LLC bought a new position in shares of Omnicom Group in the 2nd quarter valued at $34,000. Gen Wealth Partners Inc bought a new position in shares of Omnicom Group in the 1st quarter valued at $36,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 343 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Finally, Barclays cut Omnicom Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.29.

Omnicom Group Stock Performance

NYSE OMC opened at $78.80 on Wednesday. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.53 and a beta of 0.96. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The stock has a fifty day simple moving average of $77.61 and a 200 day simple moving average of $74.95. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share 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 33.62% and a net margin of 8.67%.Omnicom Group’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.03 earnings per share. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current 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.