AlphaQuest LLC Cuts Stock Holdings in Omnicom Group Inc. $OMC

AlphaQuest LLC reduced its position in shares of Omnicom Group Inc. (NYSE:OMC) by 81.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,124 shares of the business services provider’s stock after selling 13,767 shares during the period. AlphaQuest LLC’s holdings in Omnicom Group were worth $225,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of OMC. Robinson Value Management Ltd. grew its stake in shares of Omnicom Group by 0.4% in the first quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock worth $2,837,000 after acquiring an additional 139 shares in the last quarter. Financial Advisors Network Inc. grew its stake in shares of Omnicom Group by 6.1% in the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock worth $228,000 after acquiring an additional 159 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Omnicom Group by 0.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock worth $1,834,000 after acquiring an additional 165 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Omnicom Group by 39.1% in the first quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock worth $51,000 after acquiring an additional 173 shares in the last quarter. Finally, Horizon Investments LLC grew its stake in shares of Omnicom Group by 6.6% in the first quarter. Horizon Investments LLC now owns 2,859 shares of the business services provider’s stock worth $237,000 after acquiring an additional 176 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $74.95 on Friday. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.43 and a beta of 0.96. The company has a 50-day simple moving average of $77.71 and a 200-day simple moving average of $75.15. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.03 EPS. On average, analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Omnicom Group 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.