Omnicom Group Inc. (OMC) is Albert D Mason Inc.’s 5th Largest Position

Albert D Mason Inc. boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 16.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,986 shares of the business services provider’s stock after acquiring an additional 4,275 shares during the period. Omnicom Group accounts for 1.8% of Albert D Mason Inc.’s portfolio, making the stock its 5th largest position. Albert D Mason Inc.’s holdings in Omnicom Group were worth $2,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new stake in Omnicom Group in the second quarter valued at $104,000. Parallel Advisors LLC raised its holdings in Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 104 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in Omnicom Group in the second quarter valued at $149,000. Invictus RG raised its holdings in Omnicom Group by 1,098.2% in the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 1,812 shares in the last quarter. Finally, FNY Partners Fund LP raised its holdings in Omnicom Group by 46.7% in the first quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 700 shares in the last quarter. 98.57% of the stock is currently owned by hedge funds and other institutional investors.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total transaction of $71,199.00. Following the completion of the transaction, the treasurer now directly owns 44,161 shares in the company, valued at $3,493,576.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 489 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the transaction, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Omnicom Group Inc. (NYSE:OMC) traded up 0.30% during trading on Monday, hitting $73.91. 353,290 shares of the stock traded hands. The company has a 50-day moving average price of $74.13 and a 200 day moving average price of $79.61. The stock has a market cap of $17.06 billion, a PE ratio of 14.71 and a beta of 1.28. Omnicom Group Inc. has a one year low of $71.63 and a one year high of $89.66.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. Omnicom Group’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.06 earnings per share. Analysts expect that Omnicom Group Inc. will post $5.11 earnings per share for the current year.

Several analysts recently issued reports on OMC shares. Credit Suisse Group upped their price target on shares of Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Friday, July 14th. Telsey Advisory Group raised shares of Omnicom Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $86.00 to $89.00 in a report on Wednesday, October 18th. BidaskClub cut shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada set a $96.00 price target on shares of Omnicom Group and gave the company a “buy” rating in a report on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. Omnicom Group currently has an average rating of “Hold” and an average target price of $84.00.

COPYRIGHT VIOLATION NOTICE: “Omnicom Group Inc. (OMC) is Albert D Mason Inc.’s 5th Largest Position” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://ledgergazette.com/2017/10/23/omnicom-group-inc-omc-is-albert-d-mason-inc-s-5th-largest-position.html.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new stake in Omnicom Group in the second quarter valued at $104,000. Parallel Advisors LLC raised its holdings in Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 104 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in Omnicom Group in the second quarter valued at $149,000. Invictus RG raised its holdings in Omnicom Group by 1,098.2% in the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 1,812 shares in the last quarter. Finally, FNY Partners Fund LP raised its holdings in Omnicom Group by 46.7% in the first quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 700 shares in the last quarter. 98.57% of the stock is currently owned by hedge funds and other institutional investors.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total transaction of $71,199.00. Following the completion of the transaction, the treasurer now directly owns 44,161 shares in the company, valued at $3,493,576.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 489 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the transaction, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Omnicom Group Inc. (NYSE:OMC) traded up 0.30% during trading on Monday, hitting $73.91. 353,290 shares of the stock traded hands. The company has a 50-day moving average price of $74.13 and a 200 day moving average price of $79.61. The stock has a market cap of $17.06 billion, a PE ratio of 14.71 and a beta of 1.28. Omnicom Group Inc. has a one year low of $71.63 and a one year high of $89.66.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. Omnicom Group’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.06 earnings per share. Analysts expect that Omnicom Group Inc. will post $5.11 earnings per share for the current year.

Several analysts recently issued reports on OMC shares. Credit Suisse Group upped their price target on shares of Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Friday, July 14th. Telsey Advisory Group raised shares of Omnicom Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $86.00 to $89.00 in a report on Wednesday, October 18th. BidaskClub cut shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Royal Bank Of Canada set a $96.00 price target on shares of Omnicom Group and gave the company a “buy” rating in a report on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. Omnicom Group currently has an average rating of “Hold” and an average target price of $84.00.

COPYRIGHT VIOLATION NOTICE: “Omnicom Group Inc. (OMC) is Albert D Mason Inc.’s 5th Largest Position” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://ledgergazette.com/2017/10/23/omnicom-group-inc-omc-is-albert-d-mason-inc-s-5th-largest-position.html.

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.

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

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