Omnicom Group Inc. $OMC Holdings Decreased by Delta Investment Management LLC

Delta Investment Management LLC trimmed its position in Omnicom Group Inc. (NYSE:OMC) by 8.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,981 shares of the business services provider’s stock after selling 345 shares during the quarter. Delta Investment Management LLC’s holdings in Omnicom Group were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in Omnicom Group by 8.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,579,600 shares of the business services provider’s stock valued at $113,636,000 after purchasing an additional 118,567 shares during the period. Nisa Investment Advisors LLC grew its stake in Omnicom Group by 6.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 66,014 shares of the business services provider’s stock worth $4,796,000 after buying an additional 4,012 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in Omnicom Group by 2.7% during the 2nd quarter. Resonant Capital Advisors LLC now owns 6,288 shares of the business services provider’s stock worth $457,000 after buying an additional 168 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC grew its stake in Omnicom Group by 27.3% during the 2nd quarter. Blake Schutter Theil Wealth Advisors LLC now owns 3,725 shares of the business services provider’s stock worth $268,000 after buying an additional 798 shares during the last quarter. Finally, MQS Management LLC grew its stake in Omnicom Group by 60.4% during the 2nd quarter. MQS Management LLC now owns 5,001 shares of the business services provider’s stock worth $360,000 after buying an additional 1,884 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on OMC shares. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Barclays increased their price target on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Saturday. Finally, JPMorgan Chase & Co. decreased 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. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.57.

Omnicom Group Trading Down 1.7%

Shares of OMC stock opened at $78.97 on Monday. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The stock has a market capitalization of $15.24 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.52 and a beta of 0.96. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. The stock has a 50-day simple moving average of $77.85 and a 200 day simple moving average of $75.13.

Omnicom Group (NYSE:OMC) last announced its 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 return on equity of 33.30% and a net margin of 8.31%.The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the business posted $2.03 earnings per share. Omnicom Group’s revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share 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.