Omnicom Group (OMC) Hit By RBC Capital Downgrade; Armistice Capital Has Cut Its Hanesbrands (HBI) Position

February 16, 2018 - By Hazel Jackson

Among 15 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 2 Sell and 9 Hold. Therefore 27% are positive. Omnicom has $101 highest and $69 lowest target. $83’s average target is 7.40% above currents $77.28 stock price. Omnicom had 44 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, January 18, the company rating was maintained by Wells Fargo. RBC Capital Markets initiated the shares of OMC in report on Friday, October 7 with “Sector Perform” rating. RBC Capital Markets maintained Omnicom Group Inc. (NYSE:OMC) rating on Tuesday, October 17. RBC Capital Markets has “Buy” rating and $87.0 target. The stock has “Buy” rating by RBC Capital Markets on Friday, July 21. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Underweight” rating by Morgan Stanley on Monday, October 16. Barclays Capital maintained the shares of OMC in report on Friday, April 21 with “Hold” rating. Macquarie Research downgraded Omnicom Group Inc. (NYSE:OMC) rating on Tuesday, June 6. Macquarie Research has “Neutral” rating and $83 target. The firm has “Buy” rating given on Tuesday, August 22 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $101 target in Wednesday, April 12 report. The firm has “Hold” rating given on Monday, January 22 by BMO Capital Markets.

Armistice Capital Llc decreased Hanesbrands Inc (HBI) stake by 29.33% reported in 2017Q3 SEC filing. Armistice Capital Llc sold 176,000 shares as Hanesbrands Inc (HBI)’s stock declined 1.43%. The Armistice Capital Llc holds 424,000 shares with $10.45 million value, down from 600,000 last quarter. Hanesbrands Inc now has $7.46B valuation. The stock decreased 1.99% or $0.42 during the last trading session, reaching $20.72. About 6.02 million shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since February 16, 2017 and is downtrending. It has underperformed by 39.93% the S&P500.

The stock decreased 6.64% or $5.5 during the last trading session, reaching $77.28. About 6.22 million shares traded or 128.09% up from the average. Omnicom Group Inc. (NYSE:OMC) has risen 1.15% since February 16, 2017 and is uptrending. It has underperformed by 15.55% the S&P500.

Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company has market cap of $17.82 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 15.38 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.

Since October 19, 2017, it had 0 buys, and 2 sales for $653,858 activity. On Monday, December 11 the insider Sherman Peter K. sold $617,516. RICE LINDA JOHNSON sold $36,342 worth of stock.

Investors sentiment increased to 1 in Q3 2017. Its up 0.11, from 0.89 in 2017Q2. It improved, as 56 investors sold Omnicom Group Inc. shares while 213 reduced holdings. 65 funds opened positions while 203 raised stakes. 230.60 million shares or 2.33% more from 225.35 million shares in 2017Q2 were reported. Canada Pension Plan Investment Board holds 0% of its portfolio in Omnicom Group Inc. (NYSE:OMC) for 10 shares. Amica Pension Fund Board Of Trustees reported 9,507 shares stake. Moreover, Chevy Chase Holdings has 0.07% invested in Omnicom Group Inc. (NYSE:OMC) for 206,957 shares. Lodestar Invest Counsel Ltd Liability Corporation Il reported 0.74% stake. 9,900 were accumulated by Pacad Invest. M&R Cap Management reported 0.01% stake. Papp L Roy & Associates holds 0.05% of its portfolio in Omnicom Group Inc. (NYSE:OMC) for 3,115 shares. Moreover, Ameriprise Financial has 0.02% invested in Omnicom Group Inc. (NYSE:OMC). Cornercap Investment Counsel Inc stated it has 0.58% in Omnicom Group Inc. (NYSE:OMC). Greenleaf Tru reported 0.02% in Omnicom Group Inc. (NYSE:OMC). Addenda Inc stated it has 13,685 shares or 0.06% of all its holdings. Eagle Ridge holds 0.03% or 2,710 shares. 398,004 are held by California State Teachers Retirement Systems. Tci Wealth holds 0% or 89 shares. Nelson Van Denburg And Campbell Wealth Gru Lc accumulated 53 shares.

Since August 28, 2017, it had 0 insider buys, and 1 insider sale for $250,536 activity. Marsh John T. had sold 10,325 shares worth $250,536 on Monday, August 28.

Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.18, from 1.33 in 2017Q2. It fall, as 43 investors sold HBI shares while 189 reduced holdings. 78 funds opened positions while 188 raised stakes. 334.65 million shares or 1.31% more from 330.33 million shares in 2017Q2 were reported. Sigma Planning Corporation owns 17,766 shares. Cornerstone Capital Mgmt Holdings Ltd Liability holds 62,613 shares. Tarbox Family Office Inc reported 7,255 shares or 0.08% of all its holdings. State Of New Jersey Common Pension Fund D owns 285,000 shares or 0.03% of their US portfolio. Cullen Frost Bankers stated it has 0.01% in Hanesbrands Inc. (NYSE:HBI). Southernsun Asset Mngmt Lc has 3.54% invested in Hanesbrands Inc. (NYSE:HBI) for 5.84 million shares. Great West Life Assurance Can holds 0.02% or 271,734 shares. Davidson Garrard reported 86,029 shares. Mcf Ltd Liability Corp stated it has 0% in Hanesbrands Inc. (NYSE:HBI). Sei Invests, a Pennsylvania-based fund reported 568,379 shares. Gabelli Funds Lc accumulated 190,000 shares or 0.03% of the stock. Cetera Advsrs Llc holds 0.06% or 41,339 shares in its portfolio. Marathon Cap reported 0.8% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Retail Bank Of Ny Mellon Corp invested 0.03% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Buckingham Capital has 2.53% invested in Hanesbrands Inc. (NYSE:HBI).

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>