Profund Advisors LLC Sells 5,011 Shares of Omnicom Group Inc. $OMC

Profund Advisors LLC lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 36.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,569 shares of the business services provider’s stock after selling 5,011 shares during the period. Profund Advisors LLC’s holdings in Omnicom Group were worth $616,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Omnicom Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider’s stock valued at $1,945,629,000 after buying an additional 424,936 shares in the last quarter. Boston Partners raised its stake in Omnicom Group by 18.5% during the 1st quarter. Boston Partners now owns 4,882,041 shares of the business services provider’s stock worth $402,598,000 after acquiring an additional 762,871 shares during the period. Baird Financial Group Inc. lifted its holdings in Omnicom Group by 44.5% during the first quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock valued at $323,040,000 after purchasing an additional 1,199,725 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Omnicom Group by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider’s stock worth $270,235,000 after purchasing an additional 49,801 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Omnicom Group by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,181,425 shares of the business services provider’s stock worth $263,700,000 after purchasing an additional 279,265 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $74.26 on Thursday. The company has a market cap of $14.33 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.43 and a beta of 0.94. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $105.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The firm’s fifty day moving average is $76.98 and its two-hundred day moving average is $75.15.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the business posted $2.03 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Analyst Ratings Changes

OMC has been the topic of a number of analyst reports. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Barclays boosted their price objective on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.57.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.