Saratoga Research & Investment Management Lowered Omnicom Group (OMC) Stake By $492,492; Summit Securities Group Trimmed Enbridge (ENB) Stake By $505,089

October 12, 2017 - By Darrin Black

Saratoga Research & Investment Management decreased Omnicom Group (OMC) stake by 3.18% reported in 2017Q2 SEC filing. Saratoga Research & Investment Management sold 6,006 shares as Omnicom Group (OMC)’s stock declined 2.32%. The Saratoga Research & Investment Management holds 183,067 shares with $15.18 million value, down from 189,073 last quarter. Omnicom Group now has $17.18B valuation. The stock rose 0.16% or $0.12 reaching $74.48. About 2.04 million shares traded or 9.09% up from the average. Omnicom Group Inc. (NYSE:OMC) has risen 1.15% since October 12, 2016 and is uptrending. It has underperformed by 15.55% the S&P500.

Summit Securities Group Llc decreased Enbridge Inc (ENB) stake by 69.86% reported in 2017Q2 SEC filing. Summit Securities Group Llc sold 12,951 shares as Enbridge Inc (ENB)’s stock declined 5.78%. The Summit Securities Group Llc holds 5,587 shares with $222,000 value, down from 18,538 last quarter. Enbridge Inc now has $68.50B valuation. The stock declined 0.12% or $0.05 reaching $41.44 per share. About 1.67M shares traded. Enbridge Inc (USA) (NYSE:ENB) has declined 0.40% since October 12, 2016 and is downtrending. It has underperformed by 17.10% the S&P500.

Among 14 analysts covering Omnicom (NYSE:OMC), 3 have Buy rating, 0 Sell and 11 Hold. Therefore 21% are positive. Omnicom had 31 analyst reports since July 23, 2015 according to SRatingsIntel. As per Friday, October 7, the company rating was initiated by RBC Capital Markets. The firm has “Buy” rating by Zacks given on Tuesday, August 25. RBC Capital Markets maintained the shares of OMC in report on Tuesday, August 22 with “Buy” rating. The rating was maintained by Wells Fargo with “Hold” on Monday, July 17. On Monday, March 21 the stock rating was maintained by JP Morgan with “Overweight”. As per Monday, September 25, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, April 12. The rating was maintained by Jefferies on Monday, August 14 with “Hold”. BMO Capital Markets maintained it with “Hold” rating and $8500 target in Thursday, July 13 report. Macquarie Research downgraded Omnicom Group Inc. (NYSE:OMC) on Tuesday, June 6 to “Neutral” rating.

Analysts await Omnicom Group Inc. (NYSE:OMC) to report earnings on October, 17. They expect $1.10 earnings per share, up 3.77% or $0.04 from last year’s $1.06 per share. OMC’s profit will be $253.73 million for 16.93 P/E if the $1.10 EPS becomes a reality. After $1.40 actual earnings per share reported by Omnicom Group Inc. for the previous quarter, Wall Street now forecasts -21.43% negative EPS growth.

Investors sentiment decreased to 0.89 in 2017 Q2. Its down 0.05, from 0.94 in 2017Q1. It dived, 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. State Street holds 0.07% or 9.67M shares in its portfolio. Fuller & Thaler Asset Mngmt Inc owns 3,300 shares for 0% of their portfolio. Papp L Roy And holds 0.06% or 3,115 shares in its portfolio. Wetherby Asset Mgmt invested in 9,324 shares or 0.13% of the stock. Whitnell invested in 28,705 shares. Sumitomo Life Insur Co reported 21,221 shares. Chevy Chase Trust Holding Inc owns 208,547 shares for 0.08% of their portfolio. Putnam Invs Ltd Com invested 0% in Omnicom Group Inc. (NYSE:OMC). Cubic Asset Mgmt Lc accumulated 87,465 shares. M&T Bancorporation accumulated 271,641 shares. Brown Advisory has 112,329 shares for 0.03% of their portfolio. Bessemer Gp stated it has 68,391 shares or 0.02% of all its holdings. Envestnet Asset Mgmt reported 0.05% of its portfolio in Omnicom Group Inc. (NYSE:OMC). California State Teachers Retirement System accumulated 0.08% or 430,469 shares. Voloridge Inv Mngmt Lc, Florida-based fund reported 101,353 shares.

Saratoga Research & Investment Management increased United Technologies (NYSE:UTX) stake by 26,175 shares to 628,457 valued at $76.74M in 2017Q2. It also upped Biogen Inc (NASDAQ:BIIB) stake by 11,340 shares and now owns 137,562 shares. Berkshire Hathaway B (BRKB) was raised too.

Since June 1, 2017, it had 0 insider buys, and 1 insider sale for $1.94 million activity. On Thursday, June 1 the insider CRAWFORD BRUCE sold $1.94M.

Among 15 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Enbridge Inc. had 21 analyst reports since August 4, 2015 according to SRatingsIntel. Bank of America initiated the shares of ENB in report on Thursday, September 1 with “Neutral” rating. Credit Suisse maintained the shares of ENB in report on Tuesday, March 14 with “Outperform” rating. The stock of Enbridge Inc (USA) (NYSE:ENB) has “Market Perform” rating given on Monday, May 15 by Wolfe Research. The rating was downgraded by National Bank Canada to “Sector Perform” on Monday, July 18. RBC Capital Markets maintained Enbridge Inc (USA) (NYSE:ENB) on Friday, October 9 with “Outperform” rating. J.P. Morgan initiated Enbridge Inc (USA) (NYSE:ENB) on Friday, June 23 with “Hold” rating. The stock of Enbridge Inc (USA) (NYSE:ENB) has “Neutral” rating given on Wednesday, January 18 by Citigroup. On Wednesday, March 2 the stock rating was reinitiated by BMO Capital Markets with “Outperform”. The firm has “Overweight” rating by JP Morgan given on Tuesday, December 15. The stock of Enbridge Inc (USA) (NYSE:ENB) earned “Neutral” rating by JP Morgan on Friday, June 23.

Analysts await Enbridge Inc (USA) (NYSE:ENB) to report earnings on November, 2. They expect $0.36 EPS, 0.00% or $0.00 from last year’s $0.36 per share. ENB’s profit will be $595.08 million for 28.78 P/E if the $0.36 EPS becomes a reality. After $0.30 actual EPS reported by Enbridge Inc (USA) for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

Summit Securities Group Llc increased Ishares Tr (IWM) stake by 13,626 shares to 35,000 valued at $4.93 million in 2017Q2. It also upped Ca Inc (NASDAQ:CA) stake by 12,024 shares and now owns 25,320 shares. Ulta Beauty Inc (NASDAQ:ULTA) was raised too.

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

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:


>