As Omnicom Group (OMC) Stock Value Declined, Holder Eastern Bank Cut Its Position; Shareholder Cortland Associates Lifted Danaher (DHR) Position

November 14, 2017 - By Adrian Erickson

Eastern Bank decreased its stake in Omnicom Group (OMC) by 13.99% based on its latest 2017Q2 regulatory filing with the SEC. Eastern Bank sold 5,332 shares as the company’s stock declined 2.32% while stock markets rallied. The institutional investor held 32,774 shares of the advertising company at the end of 2017Q2, valued at $2.72M, down from 38,106 at the end of the previous reported quarter. Eastern Bank who had been investing in Omnicom Group for a number of months, seems to be less bullish one the $15.60B market cap company. The stock declined 0.35% or $0.24 reaching $67.66 per share. About 209,443 shares traded. Omnicom Group Inc. (NYSE:OMC) has risen 1.15% since November 14, 2016 and is uptrending. It has underperformed by 15.55% the S&P500.

Cortland Associates Inc increased its stake in Danaher Corp (DHR) by 49.78% based on its latest 2017Q2 regulatory filing with the SEC. Cortland Associates Inc bought 154,001 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 463,348 shares of the industrial machinery and components company at the end of 2017Q2, valued at $39.10M, up from 309,347 at the end of the previous reported quarter. Cortland Associates Inc who had been investing in Danaher Corp for a number of months, seems to be bullish on the $64.39 billion market cap company. The stock declined 0.78% or $0.73 reaching $92.56 on the news. About 159,417 shares traded. Danaher Corporation (NYSE:DHR) has risen 10.62% since November 14, 2016 and is uptrending. It has underperformed by 6.08% the S&P500.

Investors sentiment decreased to 0.89 in Q2 2017. Its down 0.05, from 0.94 in 2017Q1. It worsened, as 53 investors sold OMC shares while 237 reduced holdings. 57 funds opened positions while 200 raised stakes. 225.35 million shares or 2.06% more from 220.79 million shares in 2017Q1 were reported. Martingale Asset Mngmt LP owns 0.37% invested in Omnicom Group Inc. (NYSE:OMC) for 312,747 shares. 11 are held by Salem Counselors. Comerica Savings Bank has 83,395 shares. Lodestar Investment Counsel Ltd Liability Corporation Il owns 1.93% invested in Omnicom Group Inc. (NYSE:OMC) for 183,022 shares. Voloridge Investment Mgmt Limited Liability Company invested 0.21% in Omnicom Group Inc. (NYSE:OMC). Amer Century Inc holds 0.06% or 742,648 shares in its portfolio. Wright Invsts Serv Inc reported 0.3% stake. Nippon Life Insur invested in 0.03% or 18,051 shares. Bridgeway Cap Management Inc stated it has 0.05% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Oppenheimer Asset Mngmt accumulated 11,121 shares. Manufacturers Life The invested 0.03% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Baystate Wealth Mgmt Lc owns 30 shares. Boston Partners owns 0.25% invested in Omnicom Group Inc. (NYSE:OMC) for 2.33 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0.04% in Omnicom Group Inc. (NYSE:OMC). Westpac owns 109,917 shares.

Among 15 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 1 Sell and 10 Hold. Therefore 27% are positive. Omnicom had 38 analyst reports since July 23, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of OMC in report on Thursday, July 13 with “Hold” rating. Zacks downgraded the shares of OMC in report on Tuesday, August 25 to “Buy” rating. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Outperform” rating by Telsey Advisory Group on Wednesday, October 18. The firm has “Buy” rating by RBC Capital Markets given on Monday, September 25. On Monday, September 18 the stock rating was maintained by Jefferies with “Hold”. On Tuesday, June 6 the stock rating was downgraded by Macquarie Research to “Neutral”. The rating was maintained by BMO Capital Markets with “Hold” on Monday, October 16. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Market Perform” rating by Wells Fargo on Thursday, April 14. The stock of Omnicom Group Inc. (NYSE:OMC) has “Neutral” rating given on Wednesday, October 18 by Credit Suisse. The rating was maintained by RBC Capital Markets on Wednesday, April 12 with “Buy”.

Eastern Bank, which manages about $1.36B US Long portfolio, upped its stake in I Shares (IWP) by 2,819 shares to 218,597 shares, valued at $23.62 million in 2017Q2, according to the filing. It also increased its holding in Costco Wholesale Corp New (NASDAQ:COST) by 19,870 shares in the quarter, for a total of 83,285 shares, and has risen its stake in I Shares (TIP).

Since June 1, 2017, it had 0 insider purchases, and 1 sale for $1.94 million activity.

More notable recent Omnicom Group Inc. (NYSE:OMC) news were published by: Nasdaq.com which released: “Omnicom Group (OMC) Hikes Quarterly Dividend Payout by 9.1%” on October 19, 2017, also Nasdaq.com with their article: “December 15th Options Now Available For Omnicom Group (OMC)” published on October 23, 2017, Gurufocus.com published: “Fort, Lp Buys CVS Health Corp, Omnicom Group Inc, Gilead Sciences Inc, Sells …” on November 13, 2017. More interesting news about Omnicom Group Inc. (NYSE:OMC) were released by: Nasdaq.com and their article: “Omnicom Group Inc. Q3 Profit Climbs 4%” published on October 17, 2017 as well as Fool.com‘s news article titled: “Omnicom Group results: The raw numbers” with publication date: October 17, 2017.

Analysts await Omnicom Group Inc. (NYSE:OMC) to report earnings on February, 6. They expect $1.55 EPS, up 5.44% or $0.08 from last year’s $1.47 per share. OMC’s profit will be $357.38M for 10.91 P/E if the $1.55 EPS becomes a reality. After $1.13 actual EPS reported by Omnicom Group Inc. for the previous quarter, Wall Street now forecasts 37.17% EPS growth.

Investors sentiment increased to 1.41 in Q2 2017. Its up 0.35, from 1.06 in 2017Q1. It improved, as 42 investors sold DHR shares while 311 reduced holdings. 74 funds opened positions while 423 raised stakes. 508.92 million shares or 0.25% less from 510.21 million shares in 2017Q1 were reported. Benin Mngmt Corp invested in 0.15% or 4,170 shares. Stack Mngmt holds 2.22% or 253,379 shares in its portfolio. Ledyard Bankshares holds 0.07% in Danaher Corporation (NYSE:DHR) or 6,173 shares. 78,275 are owned by Ramsay Stattman Vela Price. 561,131 are owned by Rothschild Asset Mgmt. Wfg L P, a Texas-based fund reported 110 shares. Ontario – Canada-based Breton Hill Ltd has invested 0.05% in Danaher Corporation (NYSE:DHR). Welch And Forbes Ltd Liability Corp holds 1.73% of its portfolio in Danaher Corporation (NYSE:DHR) for 735,504 shares. Price T Rowe Associates Md owns 41.65M shares or 0.63% of their US portfolio. 1.12M are held by Schroder Inv Mgmt Gp. Norris Perne French Ltd Liability Partnership Mi invested in 46,069 shares. Broderick Brian C, a Massachusetts-based fund reported 56,815 shares. Texas-based Motco has invested 0.02% in Danaher Corporation (NYSE:DHR). Art Advisors Ltd Co stated it has 90,000 shares. Martin Currie stated it has 0.32% in Danaher Corporation (NYSE:DHR).

More notable recent Danaher Corporation (NYSE:DHR) news were published by: Investorplace.com which released: “Earnings Momentum Hampers Danaher Corporation (DHR) Rating” on October 17, 2017, also Investorplace.com with their article: “Sales Growth Penalizes Danaher Corporation (DHR) Rating” published on October 31, 2017, Investorplace.com published: “Shares of Danaher Corporation (DHR) Raised to Buy From a Hold” on November 07, 2017. More interesting news about Danaher Corporation (NYSE:DHR) were released by: Seekingalpha.com and their article: “Danaher Corporation’s (DHR) CEO Thomas Joyce on Q3 2017 Results – Earnings …” published on October 19, 2017 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Danaher Corporation, 57.1% Follow-Through Indicator …” with publication date: October 19, 2017.

Since May 23, 2017, it had 0 insider buys, and 1 sale for $910,212 activity.

Among 18 analysts covering Danaher Corporation (NYSE:DHR), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Danaher Corporation had 69 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was initiated by Sterne Agee CRT with “Neutral” on Wednesday, September 9. Credit Suisse initiated Danaher Corporation (NYSE:DHR) rating on Wednesday, February 1. Credit Suisse has “Outperform” rating and $93 target. Bernstein upgraded Danaher Corporation (NYSE:DHR) rating on Friday, June 24. Bernstein has “Outperform” rating and $120 target. The company was maintained on Tuesday, July 28 by Argus Research. Cowen & Co upgraded the shares of DHR in report on Friday, November 11 to “Outperform” rating. The stock of Danaher Corporation (NYSE:DHR) earned “Buy” rating by Jefferies on Wednesday, September 13. Citigroup upgraded Danaher Corporation (NYSE:DHR) on Friday, February 24 to “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $102.0 target in Thursday, October 19 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, January 27 report. The firm earned “Hold” rating on Monday, July 10 by RBC Capital Markets.

Cortland Associates Inc, which manages about $580.00 million and $521.44M US Long portfolio, decreased its stake in Cognizant Tech Sol Cl A (NASDAQ:CTSH) by 13,538 shares to 675,141 shares, valued at $44.83 million in 2017Q2, according to the filing. It also reduced its holding in S&P 500 Index (IVV) by 2,211 shares in the quarter, leaving it with 1,320 shares, and cut its stake in C V S Caremark Corp (NYSE:CVS).

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