Is there a Bearish outlook for Omnicom Group Inc. (NYSE:OMC) this week?

June 14, 2018 - By Darrin Black

Omnicom Group Inc. (NYSE:OMC) LogoInvestors sentiment decreased to 0.85 in Q1 2018. Its down 0.11, from 0.96 in 2017Q4. It is negative, as 60 investors sold Omnicom Group Inc. shares while 229 reduced holdings. 66 funds opened positions while 180 raised stakes. 228.18 million shares or 1.27% less from 231.12 million shares in 2017Q4 were reported.
Agf Invests reported 0.91% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Ftb Incorporated has 34,825 shares. Guardian Life Company Of America has 530 shares. Reilly Fin Advisors Llc reported 0.01% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Dnb Asset As, Norway-based fund reported 28,509 shares. Old Dominion Cap Management Inc holds 0.64% of its portfolio in Omnicom Group Inc. (NYSE:OMC) for 9,447 shares. Dowling And Yahnke Limited Liability Com owns 0.02% invested in Omnicom Group Inc. (NYSE:OMC) for 3,133 shares. Naples Glob Advisors Lc stated it has 0.37% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Atlas Browninc has 6,290 shares for 0.08% of their portfolio. Barclays Public Ltd Co reported 0.04% stake. Argent Tru holds 0.09% of its portfolio in Omnicom Group Inc. (NYSE:OMC) for 4,523 shares. Eaton Vance Management holds 0.03% or 178,627 shares in its portfolio. Shell Asset Management Company reported 20,763 shares. Martingale Asset Management Limited Partnership owns 395,218 shares. Homrich & Berg owns 12,027 shares for 0.06% of their portfolio.

Since February 21, 2018, it had 0 buys, and 3 selling transactions for $230,764 activity. Hewitt Dennis E. sold 2,000 shares worth $154,758.

Omnicom Group Inc. (NYSE:OMC) Ratings Coverage

Among 8 analysts covering Omnicom Group Inc. (NYSE:OMC), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Omnicom Group Inc. had 11 analyst reports since January 2, 2018 according to SRatingsIntel. The firm has “Hold” rating by Wells Fargo given on Thursday, January 18. Macquarie Research downgraded the shares of OMC in report on Tuesday, January 2 to “Underperform” rating. The rating was maintained by Morgan Stanley with “Underweight” on Wednesday, January 31. The firm earned “Buy” rating on Friday, February 16 by BMO Capital Markets. The stock of Omnicom Group Inc. (NYSE:OMC) has “Neutral” rating given on Friday, March 2 by Atlantic Securities. RBC Capital Markets downgraded Omnicom Group Inc. (NYSE:OMC) on Friday, February 16 to “Hold” rating. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Neutral” rating by Macquarie Research on Friday, February 16. The stock of Omnicom Group Inc. (NYSE:OMC) has “Underweight” rating given on Wednesday, May 23 by Morgan Stanley. The rating was maintained by Jefferies with “Hold” on Thursday, February 15. BMO Capital Markets maintained it with “Hold” rating and $80.0 target in Monday, January 22 report. Below is a list of Omnicom Group Inc. (NYSE:OMC) latest ratings and price target changes.

23/05/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $76 New Target: $73 Maintain
02/03/2018 Broker: Atlantic Securities Old Rating: Underweight New Rating: Neutral Upgrade
16/02/2018 Broker: RBC Capital Markets Rating: Hold Downgrade
16/02/2018 Broker: BMO Capital Markets Rating: Buy New Target: $90.0 Upgrade
15/02/2018 Broker: Jefferies Rating: Hold New Target: $78.0 Maintain
16/02/2018 Broker: Macquarie Research Old Rating: Underperform New Rating: Neutral Upgrade
15/02/2018 Broker: Pivotal Research Rating: Hold New Target: $75.0
31/01/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $72 New Target: $76 Maintain
22/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $80.0 Maintain
18/01/2018 Broker: Wells Fargo Rating: Hold New Target: $75.0 Maintain

The stock increased 1.14% or $0.85 during the last trading session, reaching $75.26. About 2.05 million shares traded or 13.00% up from the average. Omnicom Group Inc. (NYSE:OMC) has declined 13.92% since June 14, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company has market cap of $17.11 billion. The firm offers a range of services in the areas of advertising, customer relationship management, or CRM, public relations, and specialty communications. It has a 16.18 P/E ratio. The Company’s services comprise advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, environmental design, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare communications, and instore design services.

Another recent and important Omnicom Group Inc. (NYSE:OMC) news was published by Seekingalpha.com which published an article titled: “WSJ: Omnicom takes HSBC media account from struggling WPP” on May 22, 2018.

Omnicom Group Inc. (NYSE:OMC) Institutional Positions Chart

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