Mondrian Investment Partners LTD Raises Holdings in Omnicom Group Inc. (OMC)

Mondrian Investment Partners LTD boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 810,681 shares of the business services provider’s stock after acquiring an additional 5,055 shares during the quarter. Omnicom Group comprises about 1.7% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 22nd biggest holding. Mondrian Investment Partners LTD’s holdings in Omnicom Group were worth $55,143,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC raised its holdings in Omnicom Group by 16.0% during the 3rd quarter. Private Advisor Group LLC now owns 20,112 shares of the business services provider’s stock worth $1,368,000 after buying an additional 2,768 shares during the period. Parallel Advisors LLC raised its holdings in Omnicom Group by 231.6% during the 3rd quarter. Parallel Advisors LLC now owns 6,492 shares of the business services provider’s stock worth $442,000 after buying an additional 4,534 shares during the period. Victory Capital Management Inc. raised its holdings in Omnicom Group by 41.3% during the 3rd quarter. Victory Capital Management Inc. now owns 207,935 shares of the business services provider’s stock worth $14,144,000 after buying an additional 60,742 shares during the period. Beutel Goodman & Co Ltd. raised its holdings in Omnicom Group by 3.2% during the 3rd quarter. Beutel Goodman & Co Ltd. now owns 3,240,207 shares of the business services provider’s stock worth $170,500,000 after buying an additional 101,568 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Omnicom Group by 4.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 197,821 shares of the business services provider’s stock worth $13,458,000 after buying an additional 8,760 shares during the period.

Several analysts have issued reports on OMC shares. Barclays downgraded Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 price objective on the stock. in a report on Friday, September 28th. ValuEngine upgraded Omnicom Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 30th. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Wells Fargo & Co restated a “market perform” rating and set a $75.00 price objective (down previously from $80.00) on shares of Omnicom Group in a report on Tuesday, July 17th. Finally, Pivotal Research boosted their price objective on Omnicom Group from $65.00 to $66.00 and gave the stock a “hold” rating in a report on Tuesday, October 16th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $75.40.

In other news, Treasurer Dennis E. Hewitt sold 500 shares of the company’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $75.85, for a total value of $37,925.00. Following the transaction, the treasurer now owns 45,610 shares in the company, valued at approximately $3,459,518.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jonathan B. Nelson sold 13,000 shares of the company’s stock in a transaction dated Friday, October 19th. The shares were sold at an average price of $77.38, for a total value of $1,005,940.00. Following the completion of the transaction, the chief executive officer now owns 58,569 shares in the company, valued at approximately $4,532,069.22. The disclosure for this sale can be found here. Insiders sold a total of 14,233 shares of company stock worth $1,098,528 in the last quarter. 1.20% of the stock is owned by corporate insiders.

Shares of OMC opened at $74.69 on Friday. The stock has a market capitalization of $16.74 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 2.04 and a beta of 0.77. Omnicom Group Inc. has a fifty-two week low of $65.32 and a fifty-two week high of $83.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.77 and a current ratio of 0.87.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 16th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.68 billion. Omnicom Group had a return on equity of 41.70% and a net margin of 7.68%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. On average, sell-side analysts expect that Omnicom Group Inc. will post 5.63 EPS for the current fiscal year.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

Featured Story: Outstanding Shares and The Effect on Share Price

Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMC).

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply