Delphi Management Inc Lowers stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Delphi Management Inc reduced its stake in Omnicom Group by 5.34% during the most recent quarter end. The investment management company now holds a total of 31,655 shares of Omnicom Group which is valued at $2.7 Million after selling 1,784 shares in Omnicom Group , the firm said in a disclosure report filed with the SEC on May 13, 2016.Omnicom Group makes up approximately 1.65% of Delphi Management Inc’s portfolio.

Other Hedge Funds, Including , Reynders Mcveigh Capital Management reduced its stake in OMC by selling 750 shares or 4.78% in the most recent quarter. The Hedge Fund company now holds 14,948 shares of OMC which is valued at $1.3 Million. Omnicom Group makes up approx 0.19% of Reynders Mcveigh Capital Management’s portfolio. Prentiss Smith Co Inc sold out all of its stake in OMC during the most recent quarter. The investment firm sold 275 shares of OMC which is valued $23,089. Quantitative Investment Management sold out all of its stake in OMC during the most recent quarter. The investment firm sold 15,100 shares of OMC which is valued $1.3 Million.Ohio National Investments boosted its stake in OMC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 5,400 shares of Omnicom Group which is valued at $448,038. Omnicom Group makes up approx 0.08% of Ohio National Investments’s portfolio.

Omnicom Group closed down -0.82 points or -0.99% at $82.06 with 21,43,513 shares getting traded on Wednesday. Post opening the session at $83.01, the shares hit an intraday low of $81.56 and an intraday high of $83.21 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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