Avalon Advisors LLC Increased Its Omnicom Group INC (OMC) Stake

November 10, 2018 - By Catherine Smith

Omnicom Group Inc. (NYSE:OMC) Corporate LogoDuring Q2 2018 the big money sentiment increased to 1. That’s change of 0.15, from 2018Q1’s 0.85. 32 investors sold all, 221 reduced holdings as OMC ratio increased. 182 grew stakes while 70 funds acquired stakes. Funds hold 231.12 million shares thus 1.29% more from 2018Q1’s 228.18 million shares. Vigilant Capital Mgmt Ltd Company has 2,409 shs for 0.03% of their capital. State Treasurer State Of Michigan reported 67,318 shs. Atria Investments Limited Liability Corp holds 0.02% or 6,234 shs. Security Bank Of Sioux City Iowa Ia has 13,285 shs. Charles Schwab Invest Advisory Inc owns 2.98 million shs. Manufacturers Life The holds 0.02% in Omnicom Group Inc. (NYSE:OMC) or 229,424 shs. 107,990 are held by Natixis Advsrs L P. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 63,777 shs or 0.04% of all its holdings. Kayne Anderson Rudnick Mgmt Llc owns 0.04% invested in Omnicom Group Inc. (NYSE:OMC) for 72,692 shs. Finemark Bancorporation Trust owns 3,539 shs or 0.02% of their US capital. Morgan Stanley holds 0.01% or 454,263 shs in its capital. Cap Advisers Ltd accumulated 8,110 shs. Bb&T Corporation has 196,503 shs for 0.29% of their capital. 11,698 are held by Meiji Yasuda Asset Mngmt Company Limited. Prudential Fincl Inc reported 0.03% of its capital in Omnicom Group Inc. (NYSE:OMC).

OMC registered $40,141 net activity with 0 insider purchases and 2 selling transactions since July 19, 2018. On Monday, July 23 Hewitt Dennis E. sold $6,881 worth of Omnicom Group Inc. (NYSE:OMC) or 100 shs.

The stake In Omnicom Group Inc (OMC) was upped owned by Avalon Advisors Llc. According to 2018Q2 Securities and Exchange form the decrease is 112.53%. 235,298 shares were bought by Avalon Advisors Llc as the company’s stock declined 7.27% while stock markets rallied. At the end of 2018Q2, the 444,401 shares of the advertising company held by the hedge fund were valued at $33.89M, up from 209,103 at the end of the previous reported quarter. $16.94B is the MC of Omnicom Group Inc. OMC is hitting $75.57 during the last trading session, after decreased 0.62%.Omnicom Group Inc. has 2.64 million shares volume, 1.09% up from normal. OMC is downtrending and has moved 5.40% since November 10, 2017. OMC underperformed the S&P500 by 21.02%.

Avalon Advisors Llc operates about $4.06B and $3.37 billion US Long portfolio. It decreased its stake in Dowdupont Inc by 65,216 shares to 520,862 shares, valued at $34.34M in 2018Q2, according to the filing. For a total of 183,225 shares it reduced its holding in Johnson & Johnson (NYSE:JNJ) by 108,451 shares in the quarter, and has cut its stake in General Electric Co (NYSE:GE).

There’s a significant Omnicom Group Inc. (NYSE:OMC) news brought out by Nasdaq.com. It’s an article titled: “Investor Expectations to Drive Momentum within Retail Properties of America, Chesapeake Energy, Omnicom Group …” on November 08, 2018.

Omnicom Group Inc. (NYSE:OMC) Ratings Coverage

In total 5 analysts cover Omnicom Group (NYSE:OMC). “Buy” rating has 0, “Sell” are 2, while 3 are “Hold”. 0 are bullish. 5 are the (NYSE:OMC)’s analyst reports since May 23, 2018 according to StockzIntelligence Inc. The company rating was maintained by Morgan Stanley on Wednesday, May 23. On Wednesday, July 18 the stock of Omnicom Group Inc. (NYSE:OMC) has “Market Perform” rating given by Wells Fargo. On Monday, July 23 the firm has “Hold” rating given by Argus Research. On Wednesday, October 24 Citigroup maintained the shares of OMC in report with “Neutral” rating.

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

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