Trillium Asset Management LLC Increases Position in Omnicom Group Inc. (OMC)

Trillium Asset Management LLC boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 3.1% in the first quarter, Holdings Channel reports. The fund owned 182,601 shares of the business services provider’s stock after buying an additional 5,438 shares during the quarter. Trillium Asset Management LLC’s holdings in Omnicom Group were worth $13,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. NuWave Investment Management LLC raised its holdings in shares of Omnicom Group by 1,876.5% in the fourth quarter. NuWave Investment Management LLC now owns 336 shares of the business services provider’s stock valued at $25,000 after buying an additional 319 shares during the last quarter. Sontag Advisory LLC purchased a new stake in shares of Omnicom Group in the fourth quarter valued at about $28,000. Eukles Asset Management purchased a new stake in shares of Omnicom Group in the fourth quarter valued at about $29,000. Capital Financial Planning LLC purchased a new stake in shares of Omnicom Group in the fourth quarter valued at about $30,000. Finally, JOYN Advisors Inc. raised its holdings in shares of Omnicom Group by 47.2% in the fourth quarter. JOYN Advisors Inc. now owns 443 shares of the business services provider’s stock valued at $32,000 after buying an additional 142 shares during the last quarter.

Shares of Omnicom Group stock traded down $0.27 on Wednesday, reaching $78.46. 3,990 shares of the stock were exchanged, compared to its average volume of 2,233,384. Omnicom Group Inc. has a 1-year low of $65.85 and a 1-year high of $84.35. The company has a quick ratio of 0.79, a current ratio of 0.88 and a debt-to-equity ratio of 1.89. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.80 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.09. Omnicom Group had a net margin of 8.76% and a return on equity of 44.01%. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. Equities research analysts anticipate that Omnicom Group Inc. will post 5.93 EPS for the current year.

In other news, Director Leonard S. Coleman, Jr. sold 2,556 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $75.25, for a total transaction of $192,339.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Linda Johnson Rice sold 495 shares of the business’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $74.79, for a total transaction of $37,021.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,864 shares of company stock worth $1,037,986. Company insiders own 1.10% of the company’s stock.

A number of brokerages have recently commented on OMC. BMO Capital Markets upped their target price on shares of Omnicom Group from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Barclays raised shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $76.00 to $84.00 in a report on Wednesday, April 17th. Citigroup upped their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. Macquarie set a $76.00 target price on shares of Omnicom Group and gave the company a “hold” rating in a report on Thursday, February 14th. Finally, Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Omnicom Group currently has an average rating of “Hold” and an average price target of $76.90.

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About Omnicom Group

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

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

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