Evanston Investments Dba Evanston Advisors Lowers stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Evanston Investments Dba Evanston Advisors reduced its stake in Omnicom Group by 4.24% during the most recent quarter end. The investment management company now holds a total of 81,441 shares of Omnicom Group which is valued at $6,837,786 after selling 3,608 shares in Omnicom Group , the firm said in a disclosure report filed with the SEC on May 2, 2016.Omnicom Group makes up approximately 2.31% of Evanston Investments Dba Evanston Advisors’s portfolio.

Omnicom Group opened for trading at $83.21 and hit $84.195 on the upside on Friday, eventually ending the session at $83.96, with a gain of 0.84% or 0.7 points. The heightened volatility saw the trading volume jump to 13,20,329 shares. Company has a market cap of $20,116 M.

Other Hedge Funds, Including , Agf Investments boosted its stake in OMC in the latest quarter, The investment management firm added 95,025 additional shares and now holds a total of 1,491,128 shares of Omnicom Group which is valued at $125,195,107. Omnicom Group makes up approx 1.49% of Agf Investments’s portfolio.First Manhattan Co boosted its stake in OMC in the latest quarter, The investment management firm added 3,805 additional shares and now holds a total of 911,102 shares of Omnicom Group which is valued at $76,323,015. Omnicom Group makes up approx 0.46% of First Manhattan Co’s portfolio.Transamerica Financial Advisors boosted its stake in OMC in the latest quarter, The investment management firm added 44,709 additional shares and now holds a total of 72,670 shares of Omnicom Group which is valued at $6,087,566. Omnicom Group makes up approx 0.51% of Transamerica Financial Advisors’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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