Brookstone Capital Management Purchases 694 Shares of Omnicom Group Inc. $OMC

Brookstone Capital Management lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 23.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,623 shares of the business services provider’s stock after acquiring an additional 694 shares during the quarter. Brookstone Capital Management’s holdings in Omnicom Group were worth $261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Asset Planning Inc. acquired a new position in shares of Omnicom Group in the 2nd quarter worth approximately $29,000. Zions Bancorporation National Association UT acquired a new position in shares of Omnicom Group in the 1st quarter worth approximately $34,000. Gen Wealth Partners Inc acquired a new position in shares of Omnicom Group in the 1st quarter worth approximately $36,000. Ameritas Advisory Services LLC acquired a new position in shares of Omnicom Group in the 2nd quarter worth approximately $34,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after acquiring an additional 343 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

OMC stock opened at $76.90 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The company has a 50 day moving average price of $77.90 and a 200 day moving average price of $75.17. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The stock has a market capitalization of $14.84 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96.

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. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the business earned $2.03 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OMC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Finally, Barclays boosted their price objective on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average price target of $96.57.

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.