Coho Partners Ltd. Has $133.47 Million Holdings in Omnicom Group (OMC)

Coho Partners Ltd. lessened its stake in Omnicom Group (NYSE:OMC) by 2.8% during the 1st quarter, Holdings Channel reports. The firm owned 1,836,605 shares of the business services provider’s stock after selling 52,194 shares during the quarter. Omnicom Group accounts for 3.5% of Coho Partners Ltd.’s investment portfolio, making the stock its 15th biggest holding. Coho Partners Ltd.’s holdings in Omnicom Group were worth $133,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First Eagle Investment Management LLC grew its stake in Omnicom Group by 0.7% in the first quarter. First Eagle Investment Management LLC now owns 15,623,070 shares of the business services provider’s stock valued at $1,135,328,000 after purchasing an additional 104,730 shares during the last quarter. Pzena Investment Management LLC grew its stake in Omnicom Group by 3.5% in the first quarter. Pzena Investment Management LLC now owns 7,924,253 shares of the business services provider’s stock valued at $575,855,000 after purchasing an additional 270,698 shares during the last quarter. Longview Partners Guernsey LTD grew its stake in Omnicom Group by 12.4% in the fourth quarter. Longview Partners Guernsey LTD now owns 6,355,879 shares of the business services provider’s stock valued at $462,899,000 after purchasing an additional 702,181 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Omnicom Group by 28.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,194,041 shares of the business services provider’s stock valued at $451,110,000 after purchasing an additional 1,366,325 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in Omnicom Group by 11.9% in the fourth quarter. Mackenzie Financial Corp now owns 4,937,280 shares of the business services provider’s stock valued at $359,582,000 after purchasing an additional 525,157 shares during the last quarter.

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Shares of OMC stock opened at $74.30 on Friday. Omnicom Group has a fifty-two week low of $74.50 and a fifty-two week high of $75.82. The stock has a market cap of $16.93 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 2.27 and a beta of 1.15. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.81 and a current ratio of 0.91.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 17th. The business services provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.08. Omnicom Group had a return on equity of 39.97% and a net margin of 7.25%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. sell-side analysts predict that Omnicom Group will post 5.65 EPS for the current year.

In other news, Treasurer Dennis E. Hewitt sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total transaction of $154,760.00. Following the sale, the treasurer now owns 42,561 shares in the company, valued at $3,293,370.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda Johnson Rice sold 499 shares of the business’s stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $75.31, for a total value of $37,579.69. Following the sale, the director now owns 7,900 shares in the company, valued at approximately $594,949. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Several research firms have issued reports on OMC. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, April 20th. Barclays set a $84.00 target price on Omnicom Group and gave the company a “hold” rating in a research note on Wednesday, April 18th. Pivotal Research cut their target price on Omnicom Group from $75.00 to $72.00 and set a “hold” rating on the stock in a research note on Tuesday, April 3rd. Atlantic Securities upgraded Omnicom Group from an “underweight” rating to a “neutral” rating in a research note on Friday, March 2nd. Finally, Wells Fargo reiterated a “hold” rating and issued a $80.00 target price on shares of Omnicom Group in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Omnicom Group presently has an average rating of “Hold” and an average price target of $81.36.

Omnicom Group Company Profile

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)