Crawford Investment Counsel Inc Lowers stake in Omnicom Group (OMC)

Omnicom Group (OMC) : Crawford Investment Counsel Inc reduced its stake in Omnicom Group by 0.32% during the most recent quarter end. The investment management company now holds a total of 862,119 shares of Omnicom Group which is valued at $72,642,147 after selling 2,784 shares in Omnicom Group , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Omnicom Group makes up approximately 2.80% of Crawford Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Hightower Advisors boosted its stake in OMC in the latest quarter, The investment management firm added 7,075 additional shares and now holds a total of 99,678 shares of Omnicom Group which is valued at $8,398,868. Omnicom Group makes up approx 0.10% of Hightower Advisors’s portfolio.Geneva Advisors reduced its stake in OMC by selling 243 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 4,672 shares of OMC which is valued at $388,477. Omnicom Group makes up approx 0.01% of Geneva Advisors’s portfolio.Aberdeen Asset Management Plcuk boosted its stake in OMC in the latest quarter, The investment management firm added 24,895 additional shares and now holds a total of 132,260 shares of Omnicom Group which is valued at $10,727,609. Omnicom Group makes up approx 0.04% of Aberdeen Asset Management Plcuk’s portfolio.Dalton Greiner Hartman Maher Co reduced its stake in OMC by selling 12,392 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 148,845 shares of OMC which is valued at $12,645,871. Omnicom Group makes up approx 0.75% of Dalton Greiner Hartman Maher Co’s portfolio.Gateway Investment Advisers reduced its stake in OMC by selling 12,062 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 280,534 shares of OMC which is valued at $23,834,169. Omnicom Group makes up approx 0.20% of Gateway Investment Advisers’s portfolio.

Omnicom Group opened for trading at $84.75 and hit $84.99 on the upside on Tuesday, eventually ending the session at $84.67, with a gain of 0.28% or 0.24 points. The heightened volatility saw the trading volume jump to 10,19,319 shares. Company has a market cap of $20,028 M.

On the company’s financial health, Omnicom Group reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.33. The company had revenue of $3884.90 million for the quarter, compared to analysts expectations of $3906.11 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.

Investors should note that on Jul 14, 2016, Omnicom Group announced a cash dividend of $0.5500. The company’s management has announced Sep 20, 2016 as the ex-dividend date and fixed the record date on Sep 22, 2016. The payable date has been fixed on Oct 14, 2016.

Many Wall Street Analysts have commented on Omnicom Group. Company shares were Reiterated by Telsey Advisory Group on Jul 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 86 from a previous price target of $79 .

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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