Clark Estates INC Has Increased Its Omnicom Group INC (OMC) Position by $15.07 Million

April 17, 2018 - By Christine McCrea

Omnicom Group Inc. (NYSE:OMC) LogoInvestors sentiment decreased to 0.96 in 2017 Q4. Its down 0.04, from 1 in 2017Q3. It is negative, as 56 investors sold OMC shares while 223 reduced holdings. 88 funds opened positions while 180 raised stakes. 231.12 million shares or 0.22% more from 230.60 million shares in 2017Q3 were reported. 16,888 were accumulated by Quantum Capital. Old Second Bank Of Aurora, Illinois-based fund reported 400 shares. Wilbanks Smith And Thomas Asset Management Ltd Llc invested in 0.02% or 4,309 shares. Amp Cap Ltd holds 0.08% or 202,954 shares in its portfolio. Conning invested 0.97% in Omnicom Group Inc. (NYSE:OMC). Sigma Planning Corp invested in 0.03% or 5,778 shares. Tiedemann Wealth Mgmt Ltd Limited Liability Company holds 0.02% in Omnicom Group Inc. (NYSE:OMC) or 3,184 shares. Moreover, Everence Management has 0.2% invested in Omnicom Group Inc. (NYSE:OMC) for 12,295 shares. Focused Wealth Mgmt has invested 0.04% in Omnicom Group Inc. (NYSE:OMC). Alpha Windward Ltd Liability reported 0.03% in Omnicom Group Inc. (NYSE:OMC). Forte Cap Limited Liability Com Adv has 0.18% invested in Omnicom Group Inc. (NYSE:OMC). Asset Management Grp Inc holds 13,876 shares. Macquarie Group Limited invested in 0.02% or 160,770 shares. Endurance Wealth invested 0.01% in Omnicom Group Inc. (NYSE:OMC). First Bancorp accumulated 0.33% or 27,524 shares.

Since October 19, 2017, it had 0 buys, and 3 insider sales for $810,700 activity. The insider RICE LINDA JOHNSON sold $38,426. Sherman Peter K. also sold $617,516 worth of Omnicom Group Inc. (NYSE:OMC) shares.

Clark Estates Inc increased its stake in Omnicom Group Inc (OMC) by 156.08% based on its latest 2017Q4 regulatory filing with the SEC. Clark Estates Inc bought 209,300 shares as the company’s stock declined 1.21% with the market. The institutional investor held 343,400 shares of the advertising company at the end of 2017Q4, valued at $25.01M, up from 134,100 at the end of the previous reported quarter. Clark Estates Inc who had been investing in Omnicom Group Inc for a number of months, seems to be bullish on the $16.90 billion market cap company. The stock increased 0.43% or $0.32 during the last trading session, reaching $74.35. About 2.42 million shares traded. Omnicom Group Inc. (NYSE:OMC) has declined 13.63% since April 17, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Clark Estates Inc, which manages about $605.49 million US Long portfolio, decreased its stake in L Brands Inc (LTD) by 290,090 shares to 147,910 shares, valued at $8.91M in 2017Q4, according to the filing. It also reduced its holding in Donnelley Finl Solutions Inc by 325,000 shares in the quarter, leaving it with 120,450 shares, and cut its stake in Verizon Communications Inc (NYSE:VZ).

Omnicom Group Inc. (NYSE:OMC) Ratings Coverage

Among 11 analysts covering Omnicom Group (NYSE:OMC), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. Omnicom Group had 15 analyst reports since October 18, 2017 according to SRatingsIntel. The firm has “Neutral” rating by Atlantic Securities given on Friday, March 2. BMO Capital Markets maintained it with “Hold” rating and $80.0 target in Monday, January 22 report. BMO Capital Markets upgraded the stock to “Buy” rating in Friday, February 16 report. Credit Suisse maintained Omnicom Group Inc. (NYSE:OMC) on Wednesday, October 18 with “Neutral” rating. The company was downgraded on Friday, February 16 by RBC Capital Markets. The company was upgraded on Friday, February 16 by Macquarie Research. The firm has “Hold” rating given on Thursday, February 15 by Jefferies. The rating was upgraded by Argus Research to “Buy” on Tuesday, October 31. Wells Fargo maintained the stock with “Hold” rating in Thursday, January 18 report. The firm has “Hold” rating by Jefferies given on Thursday, October 19.

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

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