Ronna Sue Cohen buys $3,576,979 stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Ronna Sue Cohen scooped up 363 additional shares in Omnicom Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 42,700 shares of Omnicom Group which is valued at $3,576,979.Omnicom Group makes up approximately 3.00% of Ronna Sue Cohen’s portfolio.

Omnicom Group closed down -0.25 points or -0.30% at $83.77 with 18,02,852 shares getting traded on Friday. Post opening the session at $83.85, the shares hit an intraday low of $83.49 and an intraday high of $85 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , First Quadrant L Pca added OMC to its portfolio by purchasing 328,600 company shares during the most recent quarter which is valued at $27,526,822. Omnicom Group makes up approx 0.59% of First Quadrant L Pca’s portfolio.State Of Alaska Department Of Revenue reduced its stake in OMC by selling 5,660 shares or 38.45% in the most recent quarter. The Hedge Fund company now holds 9,060 shares of OMC which is valued at $763,758. Omnicom Group makes up approx 0.08% of State Of Alaska Department Of Revenue’s portfolio.Charter Trust Co boosted its stake in OMC in the latest quarter, The investment management firm added 1,832 additional shares and now holds a total of 6,050 shares of Omnicom Group which is valued at $504,147. Omnicom Group makes up approx 0.06% of Charter Trust Co’s portfolio.

On the company’s financial health, Omnicom Group reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.87. The company had revenue of $3499.10 million for the quarter, compared to analysts expectations of $3520.84 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on Omnicom Group. Omnicom Group was Downgraded by Wells Fargo to ” Market Perform” on Apr 14, 2016. Company shares were Reiterated by Telsey Advisory Group on Feb 10, 2016 to “Market Perform”, Firm has raised the Price Target to $ 79 from a previous price target of $74.50 .Company shares were Reiterated by Wedbush on Feb 10, 2016 to “Neutral”, Firm has raised the Price Target to $ 81 from a previous price target of $80 .

Omnicom Group Inc. is a holding company. The Company provides advertising marketing and corporate communications services. The Company’s branded networks and agencies operate in markets around the world and provide a range of services which it groups into four disciplines: advertising customer relationship management (CRM) public relations and specialty communications. Its services in these disciplines include advertising brand consultancy content marketing corporate social responsibility consulting crisis communications data analytics and database management among others. Its advertising brands include BBDO Worldwide DDB Worldwide and TBWA Worldwide. The Company’s branded agency networks operate in geographic regions including the Americas which includes North America and Latin America; EMEA which includes Europe the Middle East and Africa and Asia Pacific which includes Australia China India Japan Korea New Zealand Singapore and other Asian countries.

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