Foster & Motley Inc. Buys 1,094 Shares of Omnicom Group Inc. $OMC

Foster & Motley Inc. lifted its position in Omnicom Group Inc. (NYSE:OMC) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,693 shares of the business services provider’s stock after buying an additional 1,094 shares during the period. Foster & Motley Inc. owned approximately 0.06% of Omnicom Group worth $7,963,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. J2 Capital Management Inc purchased a new position in shares of Omnicom Group in the second quarter worth $383,000. Golden State Wealth Management LLC raised its stake in shares of 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 worth $41,000 after purchasing an additional 343 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Omnicom Group by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after purchasing an additional 887,415 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Omnicom Group in the first quarter valued at approximately $1,357,000. Finally, Exchange Traded Concepts LLC increased its holdings in Omnicom Group by 34.8% in the 2nd quarter. Exchange Traded Concepts LLC now owns 13,300 shares of the business services provider’s stock worth $957,000 after buying an additional 3,433 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $77.48 on Friday. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The company has a market cap of $15.01 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.51 and a beta of 0.96. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $77.40 and its 200-day moving average price is $74.92.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on OMC shares. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Barclays cut Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. JPMorgan Chase & Co. decreased their target price 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. Finally, Bank of America raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

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.