Omnicom Group (OMC) : Van Strum Towne scooped up 25 additional shares in Omnicom Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 52,045 shares of Omnicom Group which is valued at $4.4 Million.Omnicom Group makes up approximately 2.95% of Van Strum Towne’s portfolio.
Other Hedge Funds, Including , Profund Advisors reduced its stake in OMC by selling 1,260 shares or 13.31% in the most recent quarter. The Hedge Fund company now holds 8,208 shares of OMC which is valued at $689,144. Omnicom Group makes up approx 0.04% of Profund Advisors’s portfolio.Teachers Advisors Inc boosted its stake in OMC in the latest quarter, The investment management firm added 31,025 additional shares and now holds a total of 368,304 shares of Omnicom Group which is valued at $30.9 Million. Omnicom Group makes up approx 0.06% of Teachers Advisors Inc’s portfolio.Washington Trust Co boosted its stake in OMC in the latest quarter, The investment management firm added 12,307 additional shares and now holds a total of 403,967 shares of Omnicom Group which is valued at $33.9 Million. Omnicom Group makes up approx 2.26% of Washington Trust Co’s portfolio.
Omnicom Group opened for trading at $83.57 and hit $84.63 on the upside on Monday, eventually ending the session at $84.26, with a gain of 0.63% or 0.53 points. The heightened volatility saw the trading volume jump to 10,76,672 shares. Company has a market cap of $20,033 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.