Greenup Street Wealth Management LLC Raises Holdings in Omnicom Group Inc. $OMC

Greenup Street Wealth Management LLC lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 13.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,234 shares of the business services provider’s stock after acquiring an additional 384 shares during the period. Greenup Street Wealth Management LLC’s holdings in Omnicom Group were worth $233,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Omnicom Group by 1.8% during the first quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider’s stock worth $1,945,629,000 after acquiring an additional 424,936 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Omnicom Group by 20.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider’s stock worth $595,147,000 after acquiring an additional 1,205,165 shares during the last quarter. Boston Partners grew its stake in shares of Omnicom Group by 18.5% during the first 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 last quarter. Baird Financial Group Inc. grew its stake in shares of 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 worth $323,040,000 after acquiring an additional 1,199,725 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Omnicom Group by 1.6% during 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 acquiring an additional 49,801 shares during the last quarter. 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 a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Monday, June 23rd. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. Finally, Barclays downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $105.00 to $80.00 in a 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

Omnicom Group Trading Up 0.8%

Shares of NYSE:OMC opened at $78.13 on Tuesday. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00. The company has a market capitalization of $15.14 billion, a PE ratio of 11.21, a PEG ratio of 1.51 and a beta of 0.96. The business has a 50 day moving average of $77.51 and a two-hundred day moving average of $74.92. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.

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.