LifeWealth Investments LLC Increases Stake in Omnicom Group Inc. $OMC

LifeWealth Investments LLC raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 31.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,128 shares of the business services provider’s stock after buying an additional 1,219 shares during the period. LifeWealth Investments LLC’s holdings in Omnicom Group were worth $369,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OMC. Robinson Value Management Ltd. increased its stake in Omnicom Group by 0.4% in the 1st quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock worth $2,837,000 after buying an additional 139 shares during the period. Financial Advisors Network Inc. increased its position in Omnicom Group by 6.1% during the 1st quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 159 shares during the period. Linden Thomas Advisory Services LLC increased its position in Omnicom Group by 0.8% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock valued at $1,834,000 after purchasing an additional 165 shares during the period. Harbour Investments Inc. increased its position in Omnicom Group by 39.1% during the 1st quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 173 shares during the period. Finally, Horizon Investments LLC increased its position in Omnicom Group by 6.6% during the 1st quarter. Horizon Investments LLC now owns 2,859 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 176 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 3.0%

OMC stock opened at $81.07 on Thursday. The firm has a 50 day moving average of $77.70 and a 200 day moving average of $74.99. The stock has a market capitalization of $15.70 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.54 and a beta of 0.96. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Omnicom Group had a net margin of 8.31% and a return on equity of 33.66%. Omnicom Group’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the business earned $2.03 EPS. Sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Analyst Ratings Changes

OMC has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on shares of 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 shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Finally, Barclays cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the company 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 given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.29.

Omnicom Group Company Profile

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.