Van Strum & Towne Inc. Sells 1,114 Shares of Omnicom Group Inc. (OMC)

Van Strum & Towne Inc. reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,011 shares of the business services provider’s stock after selling 1,114 shares during the period. Omnicom Group makes up about 2.8% of Van Strum & Towne Inc.’s holdings, making the stock its 13th largest position. Van Strum & Towne Inc.’s holdings in Omnicom Group were worth $4,398,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Busey Trust CO raised its stake in Omnicom Group by 3.8% in the first quarter. Busey Trust CO now owns 59,814 shares of the business services provider’s stock valued at $5,156,000 after buying an additional 2,167 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Omnicom Group by 5.7% in the first quarter. Pictet Asset Management Ltd. now owns 166,090 shares of the business services provider’s stock valued at $14,319,000 after buying an additional 8,900 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in Omnicom Group by 2.5% in the first quarter. Xact Kapitalforvaltning AB now owns 38,947 shares of the business services provider’s stock valued at $3,358,000 after buying an additional 963 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Omnicom Group by 136.6% in the first quarter. BNP Paribas Arbitrage SA now owns 281,394 shares of the business services provider’s stock valued at $24,259,000 after buying an additional 162,466 shares during the last quarter. Finally, AMG Funds LLC raised its stake in Omnicom Group by 1.0% in the first quarter. AMG Funds LLC now owns 35,239 shares of the business services provider’s stock valued at $3,038,000 after buying an additional 346 shares during the last quarter. 96.65% of the stock is currently owned by institutional investors.

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

Omnicom Group Inc. (NYSE:OMC) traded up 1.2138% during mid-day trading on Friday, reaching $83.3698. 591,557 shares of the company’s stock were exchanged. The stock has a market capitalization of $19.40 billion, a PE ratio of 16.9969 and a beta of 1.28. Omnicom Group Inc. has a 1-year low of $75.61 and a 1-year high of $89.66. The firm’s 50-day moving average is $83.92 and its 200 day moving average is $84.84.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 18th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. Omnicom Group had a net margin of 7.42% and a return on equity of 40.97%. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts forecast that Omnicom Group Inc. will post $5.03 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on OMC. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Barclays PLC reissued a “hold” rating and set a $86.00 target price on shares of Omnicom Group in a research note on Thursday, April 20th. Wedbush lowered their target price on shares of Omnicom Group from $90.00 to $89.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 19th. Evercore ISI began coverage on shares of Omnicom Group in a research note on Monday, April 17th. They set an “in-line” rating and a $91.00 target price on the stock. They noted that the move was a valuation call. Finally, Royal Bank of Canada reissued a “buy” rating and set a $101.00 target price on shares of Omnicom Group in a research note on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. Omnicom Group presently has an average rating of “Hold” and a consensus target price of $86.92.

In other Omnicom Group news, Director Leonard S. Coleman, Jr. sold 2,038 shares of the company’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $83.93, for a total value of $171,049.34. Following the sale, the director now owns 24,853 shares of the company’s stock, valued at $2,085,912.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

About Omnicom Group

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

5 Day Chart for NYSE:OMC

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