Delta Financial Advisors LLC Sells 743 Shares of Omnicom Group Inc. $OMC

Delta Financial Advisors LLC lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 4.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,829 shares of the business services provider’s stock after selling 743 shares during the quarter. Delta Financial Advisors LLC’s holdings in Omnicom Group were worth $1,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in Omnicom Group by 17,506.1% during the first quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider’s stock valued at $227,512,000 after buying an additional 2,728,494 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Omnicom Group by 20.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider’s stock worth $595,147,000 after acquiring an additional 1,205,165 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of Omnicom Group by 44.5% during the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock worth $323,040,000 after acquiring an additional 1,199,725 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Omnicom Group by 1,836.5% during the 1st quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock valued at $89,114,000 after acquiring an additional 1,030,633 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Omnicom Group by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock valued at $245,909,000 after purchasing an additional 887,415 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 1.8%

Shares of OMC opened at $74.30 on Friday. The company’s fifty day simple moving average is $77.21 and its 200-day simple moving average is $75.16. The company has a market cap of $14.34 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.43 and a beta of 0.94. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $105.99.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the firm posted $2.03 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Analyst Ratings Changes

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

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.