Sabal Trust Co Increased Its International Business Machs (IBM) Holding by $22.50 Million; Share Price Declined; Omnicom Group (OMC) Shares Declined While Washington Trust Company Has Cut Position by $22.24 Million

April 21, 2018 - By Marie Mckinney

Omnicom Group Inc. (NYSE:OMC) Logo

Sabal Trust Co increased its stake in International Business Machs (IBM) by 3731.67% based on its latest 2017Q4 regulatory filing with the SEC. Sabal Trust Co bought 147,065 shares as the company’s stock declined 0.39% with the market. The institutional investor held 151,006 shares of the computer manufacturing company at the end of 2017Q4, valued at $23.17 million, up from 3,941 at the end of the previous reported quarter. Sabal Trust Co who had been investing in International Business Machs for a number of months, seems to be bullish on the $133.48B market cap company. The stock decreased 1.90% or $2.8 during the last trading session, reaching $144.9. About 8.27M shares traded or 57.27% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 21, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Washington Trust Company decreased its stake in Omnicom Group Inc (OMC) by 89.38% based on its latest 2017Q4 regulatory filing with the SEC. Washington Trust Company sold 308,824 shares as the company’s stock declined 1.21% with the market. The institutional investor held 36,707 shares of the advertising company at the end of 2017Q4, valued at $2.67 million, down from 345,531 at the end of the previous reported quarter. Washington Trust Company who had been investing in Omnicom Group Inc for a number of months, seems to be less bullish one the $16.76B market cap company. The stock decreased 1.72% or $1.29 during the last trading session, reaching $73.74. About 2.82 million shares traded or 5.86% up from the average. Omnicom Group Inc. (NYSE:OMC) has declined 13.63% since April 21, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Since December 11, 2017, it had 0 buys, and 3 selling transactions for $810,700 activity. The insider RICE LINDA JOHNSON sold 498 shares worth $38,426. 2,000 shares were sold by Hewitt Dennis E., worth $154,758 on Wednesday, February 21.

Among 16 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Omnicom had 49 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Telsey Advisory Group with “Market Perform” on Wednesday, July 20. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, August 22. The stock of Omnicom Group Inc. (NYSE:OMC) has “Hold” rating given on Monday, October 17 by Pivotal Research. The stock of Omnicom Group Inc. (NYSE:OMC) has “Neutral” rating given on Wednesday, October 18 by Credit Suisse. Jefferies maintained Omnicom Group Inc. (NYSE:OMC) rating on Thursday, February 15. Jefferies has “Hold” rating and $78.0 target. As per Tuesday, August 25, the company rating was downgraded by Zacks. Pivotal Research upgraded Omnicom Group Inc. (NYSE:OMC) rating on Friday, October 16. Pivotal Research has “Hold” rating and $69 target. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Underperform” rating by Macquarie Research on Tuesday, January 2. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Hold” rating by Wells Fargo on Thursday, January 18. The firm has “Hold” rating given on Thursday, July 13 by BMO Capital Markets.

Investors sentiment decreased to 0.96 in Q4 2017. Its down 0.04, from 1 in 2017Q3. It turned 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. Ny State Teachers Retirement Systems stated it has 0.06% in Omnicom Group Inc. (NYSE:OMC). Moreover, Cleararc Inc has 0.06% invested in Omnicom Group Inc. (NYSE:OMC) for 5,879 shares. Asset Management Inc reported 0.36% of its portfolio in Omnicom Group Inc. (NYSE:OMC). 30,440 were accumulated by First Merchants Corporation. Gotham Asset Mngmt Limited Com reported 434,222 shares. California State Teachers Retirement Sys accumulated 392,175 shares or 0.06% of the stock. Gateway Advisers Llc has 0.15% invested in Omnicom Group Inc. (NYSE:OMC). Pictet Asset Mngmt Limited has 0.04% invested in Omnicom Group Inc. (NYSE:OMC) for 207,471 shares. Janney Montgomery Scott Ltd, a Pennsylvania-based fund reported 18,223 shares. 573,771 are owned by Ny State Common Retirement Fund. Invesco Limited holds 0.05% or 1.78M shares in its portfolio. Dnb Asset As holds 26,509 shares or 0.02% of its portfolio. Moneta Grp Inc Advisors Limited Co owns 3 shares or 0% of their US portfolio. Rocky Mountain Advisers Limited Liability Co holds 0.01% or 24 shares. Utah Retirement accumulated 43,001 shares.

Washington Trust Company, which manages about $1.78 billion US Long portfolio, upped its stake in Zimmer Biomet Holdings Inc (ZMH) by 3,659 shares to 92,812 shares, valued at $11.20M in 2017Q4, according to the filing. It also increased its holding in State Street Boston Corp (NYSE:STT) by 3,879 shares in the quarter, for a total of 278,055 shares, and has risen its stake in Ishares (IEMG).

Since January 31, 2018, it had 1 buy, and 2 insider sales for $2.69 million activity. Gherson Diane J sold $780,000 worth of stock or 5,000 shares. WADDELL FREDERICK H had bought 610 shares worth $99,659 on Wednesday, January 31.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. It is positive, as 54 investors sold IBM shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Piershale Fin Grp Inc invested in 0.13% or 1,600 shares. 53,588 were accumulated by Williams Jones & Associate Limited Co. Blair William And Co Il has invested 0.15% in International Business Machines Corporation (NYSE:IBM). Signature Inv Advsr Ltd Liability Com holds 0.04% or 2,301 shares in its portfolio. Liberty Mutual Grp Asset stated it has 0.16% in International Business Machines Corporation (NYSE:IBM). Fjarde Ap reported 0.59% stake. Girard Partners Ltd has invested 0.11% in International Business Machines Corporation (NYSE:IBM). Fcg Advisors has invested 0.16% of its portfolio in International Business Machines Corporation (NYSE:IBM). Ww Asset Mngmt, Michigan-based fund reported 81,907 shares. Moreover, Wellington Management Grp Ltd Liability Partnership has 0.25% invested in International Business Machines Corporation (NYSE:IBM) for 7.25 million shares. Adirondack Tru Communication reported 7,610 shares. Argi Investment Services Ltd Com owns 17,440 shares for 0.18% of their portfolio. Moreover, Smith Moore And has 0.09% invested in International Business Machines Corporation (NYSE:IBM). Barry Advisors Ltd Liability reported 0.19% stake. Sabal Trust invested in 151,006 shares.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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