Comgest Global Investors S.a.s. buys $11.4 Million stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Comgest Global Investors S.a.s. scooped up 19,800 additional shares in Omnicom Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 136,000 shares of Omnicom Group which is valued at $11.4 Million.Omnicom Group makes up approximately 0.39% of Comgest Global Investors S.a.s.’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in OMC in the latest quarter, The investment management firm added 649,458 additional shares and now holds a total of 667,277 shares of Omnicom Group which is valued at $55.9 Million. Omnicom Group makes up approx 0.07% of Oppenheimerfunds’s portfolio.Van Strum Towne boosted its stake in OMC in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 52,045 shares of Omnicom Group which is valued at $4.4 Million. Omnicom Group makes up approx 2.95% of Van Strum Towne’s portfolio.Hartline Investment Corp reduced its stake in OMC by selling 30 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 4,129 shares of OMC which is valued at $345,721. Omnicom Group makes up approx 0.13% of Hartline Investment Corp’s portfolio.Pbwm Holdings boosted its stake in OMC in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 3,946 shares of Omnicom Group which is valued at $331,306. Omnicom Group makes up approx 0.12% of Pbwm Holdings’s portfolio.Arcadia Investment Management Corpmi reduced its stake in OMC by selling 600 shares or 1.49% in the most recent quarter. The Hedge Fund company now holds 39,675 shares of OMC which is valued at $3.3 Million. Omnicom Group makes up approx 1.09% of Arcadia Investment Management Corpmi’s portfolio.

Omnicom Group opened for trading at $82.8 and hit $83.31 on the upside on Friday, eventually ending the session at $82.79, with a gain of 0.46% or 0.38 points. The heightened volatility saw the trading volume jump to 16,26,430 shares. Company has a market cap of $19,683,323 M.

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.

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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