Arvest Bank Trust Division Lowers Position in Omnicom Group Inc. $OMC

Arvest Bank Trust Division trimmed its position in Omnicom Group Inc. (NYSE:OMC) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,774 shares of the business services provider’s stock after selling 1,222 shares during the period. Arvest Bank Trust Division owned 0.10% of Omnicom Group worth $13,940,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Robinson Value Management Ltd. grew its position in shares of 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. boosted its stake in Omnicom Group by 6.1% during 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. Resonant Capital Advisors LLC grew its holdings in Omnicom Group by 2.7% in the second quarter. Resonant Capital Advisors LLC now owns 6,288 shares of the business services provider’s stock worth $457,000 after purchasing an additional 168 shares during the period. Harbour Investments Inc. increased its stake in shares of Omnicom Group by 39.1% during the first 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 in the last quarter. Finally, EPG Wealth Management LLC lifted its holdings in shares of Omnicom Group by 2.3% during the second quarter. EPG Wealth Management LLC now owns 7,738 shares of the business services provider’s stock valued at $557,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 1.4%

Shares of NYSE:OMC opened at $73.08 on Friday. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $105.99. The stock’s fifty day moving average price is $76.87 and its 200-day moving average price is $75.14. The company has a market cap of $14.10 billion, a P/E ratio of 10.79, a PEG ratio of 1.43 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The business 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 firm earned $2.03 EPS. Omnicom Group’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on OMC. Barclays upped their price target on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Five investment 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 has a consensus 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.