Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in Omnicom Group Inc. $OMC

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 382,245 shares of the business services provider’s stock after purchasing an additional 32,049 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Omnicom Group were worth $27,499,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in OMC. Vanguard Group Inc. boosted its stake in Omnicom Group by 1.8% during the first quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider’s stock valued at $1,945,629,000 after buying an additional 424,936 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Omnicom Group by 20.2% in 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 during the last quarter. Boston Partners raised its holdings in shares of Omnicom Group by 18.5% during the 1st quarter. Boston Partners now owns 4,882,041 shares of the business services provider’s stock worth $402,598,000 after acquiring an additional 762,871 shares in the last quarter. Baird Financial Group Inc. boosted its position 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 valued at $323,040,000 after acquiring an additional 1,199,725 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Omnicom Group by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider’s stock valued at $270,235,000 after purchasing an additional 49,801 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Up 1.5%

Shares of OMC opened at $73.87 on Wednesday. The company’s fifty day simple moving average is $77.04 and its 200-day simple moving average is $75.16. The company has a market cap of $14.26 billion, a P/E ratio of 10.91, 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 released its quarterly earnings results 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 net margin of 8.31% and a return on equity of 33.30%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the company earned $2.03 EPS. The firm’s revenue for the quarter 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.

Wall Street Analysts Forecast Growth

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