Omnicom Group Inc. (OMC) Position Cut by D.A. Davidson & CO.

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D.A. Davidson & CO. cut its position in shares of Omnicom Group Inc. (NYSE:OMC) by 36.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,825 shares of the business services provider’s stock after selling 2,764 shares during the period. D.A. Davidson & CO.’s holdings in Omnicom Group were worth $353,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OMC. Bank of New York Mellon Corp boosted its holdings in Omnicom Group by 1,412,816.5% during the third quarter. Bank of New York Mellon Corp now owns 9,862,157 shares of the business services provider’s stock worth $670,825,000 after buying an additional 9,861,459 shares in the last quarter. Vanguard Group Inc boosted its holdings in Omnicom Group by 24.9% during the third quarter. Vanguard Group Inc now owns 21,216,134 shares of the business services provider’s stock worth $1,443,122,000 after buying an additional 4,228,195 shares in the last quarter. Morgan Stanley boosted its holdings in Omnicom Group by 209.0% during the third quarter. Morgan Stanley now owns 1,403,684 shares of the business services provider’s stock worth $95,480,000 after buying an additional 949,421 shares in the last quarter. FMR LLC boosted its holdings in Omnicom Group by 20.1% during the third quarter. FMR LLC now owns 5,203,396 shares of the business services provider’s stock worth $353,934,000 after buying an additional 870,559 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in Omnicom Group by 57.9% during the third quarter. Glenmede Trust Co. NA now owns 2,073,745 shares of the business services provider’s stock worth $141,055,000 after buying an additional 760,167 shares in the last quarter.

NYSE:OMC opened at $74.70 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.87 and a debt-to-equity ratio of 1.48. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.90 and a beta of 0.72. Omnicom Group Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $83.34.

OMC has been the topic of a number of recent analyst reports. ValuEngine raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Barclays set a $76.00 price target on shares of Omnicom Group and gave the stock a “sell” rating in a report on Wednesday, October 17th. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Friday, January 25th. Citigroup increased their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, October 24th. Finally, Pivotal Research upped their price objective on shares of Omnicom Group from $65.00 to $66.00 and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $75.80.

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About Omnicom Group

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

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

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