Cwm LLC Reduces Stake in Omnicom Group Inc. $OMC

Cwm LLC lowered its position in Omnicom Group Inc. (NYSE:OMC) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,743 shares of the business services provider’s stock after selling 1,225 shares during the period. Cwm LLC’s holdings in Omnicom Group were worth $4,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in Omnicom Group in the first quarter valued at approximately $34,000. Gen Wealth Partners Inc purchased a new stake in Omnicom Group in the first quarter valued at approximately $36,000. Ameritas Advisory Services LLC purchased a new stake in Omnicom Group in the second quarter valued at approximately $34,000. Golden State Wealth Management LLC boosted its position in Omnicom Group by 230.2% in the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock valued at $41,000 after buying an additional 343 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Omnicom Group in the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the topic of several recent research reports. Bank of America upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research report on Monday, June 23rd. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Finally, Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.29.

Omnicom Group Trading Down 2.6%

Shares of NYSE:OMC opened at $77.23 on Friday. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80. The business’s 50 day moving average price is $77.31 and its 200-day moving average price is $74.93.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the firm posted $1.95 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

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.