Universal Beteiligungs und Servicegesellschaft mbH Grows Position in Omnicom Group Inc. $OMC

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 30.0% during the second quarter, HoldingsChannel.com reports. The firm owned 184,300 shares of the business services provider’s stock after acquiring an additional 42,509 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Omnicom Group were worth $13,259,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Private Advisor Group LLC raised its position in shares of Omnicom Group by 3.0% in the 1st quarter. Private Advisor Group LLC now owns 11,966 shares of the business services provider’s stock worth $992,000 after buying an additional 351 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Omnicom Group by 3.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 15,058 shares of the business services provider’s stock worth $1,249,000 after purchasing an additional 570 shares during the period. Garrison Bradford & Associates Inc. purchased a new position in shares of Omnicom Group in the 1st quarter worth about $82,000. AE Wealth Management LLC lifted its stake in shares of Omnicom Group by 13.2% in the 1st quarter. AE Wealth Management LLC now owns 225,003 shares of the business services provider’s stock valued at $18,655,000 after purchasing an additional 26,190 shares in the last quarter. Finally, Guardian Wealth Management Inc. grew its holdings in shares of Omnicom Group by 9.0% during the 1st quarter. Guardian Wealth Management Inc. now owns 29,657 shares of the business services provider’s stock worth $2,459,000 after purchasing an additional 2,460 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 2.2%

NYSE:OMC opened at $71.90 on Thursday. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $105.99. 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 business’s 50-day simple moving average is $76.44 and its 200 day simple moving average is $75.03.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.07. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.03 EPS. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OMC. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price 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 report on Wednesday, October 8th. Finally, Barclays upped their price target on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.