Omnicom Group (OMC) Holder Verity & Verity Boosted Its Holding; As Laboratory Amer Hldgs (LH) Stock Price Declined, Shareholder Adage Capital Partners Gp Has Cut Holding

January 19, 2018 - By Peter Erickson

Verity & Verity Llc increased its stake in Omnicom Group Inc (OMC) by 7.23% based on its latest 2017Q3 regulatory filing with the SEC. Verity & Verity Llc bought 4,833 shares as the company’s stock declined 2.32% while stock markets rallied. The institutional investor held 71,667 shares of the advertising company at the end of 2017Q3, valued at $5.31M, up from 66,834 at the end of the previous reported quarter. Verity & Verity Llc who had been investing in Omnicom Group Inc for a number of months, seems to be bullish on the $17.14B market cap company. The stock decreased 2.20% or $1.67 during the last trading session, reaching $74.35. About 1.68M shares traded. Omnicom Group Inc. (NYSE:OMC) has risen 1.15% since January 19, 2017 and is uptrending. It has underperformed by 15.55% the S&P500.

Phill Gross decreased its stake in Laboratory Corp Amer Hldgs (LH) by 65.71% based on its latest 2017Q3 regulatory filing with the SEC. Adage Capital Partners Gp Llc sold 276,500 shares as the company’s stock declined 0.17% while stock markets rallied. The hedge fund run by Phill Gross held 144,300 shares of the medical specialities company at the end of 2017Q3, valued at $21.79 million, down from 420,800 at the end of the previous reported quarter. Adage Capital Partners Gp Llc who had been investing in Laboratory Corp Amer Hldgs for a number of months, seems to be less bullish one the $17.76B market cap company. The stock increased 0.75% or $1.3 during the last trading session, reaching $174.41. About 390,519 shares traded. Laboratory Corporation of America Holdings (NYSE:LH) has risen 10.51% since January 19, 2017 and is uptrending. It has underperformed by 6.19% the S&P500.

Adage Capital Partners Gp Llc, which manages about $41.15B US Long portfolio, upped its stake in Mckesson Corp (NYSE:MCK) by 14,900 shares to 321,308 shares, valued at $49.36M in 2017Q3, according to the filing. It also increased its holding in Flowserve Corp (NYSE:FLS) by 90,276 shares in the quarter, for a total of 1.04 million shares, and has risen its stake in Discover Finl Svcs (NYSE:DFS).

Analysts await Laboratory Corporation of America Holdings (NYSE:LH) to report earnings on February, 15. They expect $2.40 earnings per share, up 11.63% or $0.25 from last year’s $2.15 per share. LH’s profit will be $244.32 million for 18.17 P/E if the $2.40 EPS becomes a reality. After $2.46 actual earnings per share reported by Laboratory Corporation of America Holdings for the previous quarter, Wall Street now forecasts -2.44% negative EPS growth.

Among 19 analysts covering Laboratory Corp (NYSE:LH), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. Laboratory Corp had 49 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Hold” rating given on Tuesday, September 12 by Jefferies. The firm has “Neutral” rating given on Thursday, September 15 by Mizuho. KeyBanc Capital Markets maintained Laboratory Corporation of America Holdings (NYSE:LH) rating on Tuesday, August 16. KeyBanc Capital Markets has “Overweight” rating and $150 target. The rating was maintained by Craig Hallum on Thursday, July 27 with “Buy”. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Buy” rating given on Thursday, October 12 by Wells Fargo. The stock of Laboratory Corporation of America Holdings (NYSE:LH) has “Overweight” rating given on Thursday, August 10 by Morgan Stanley. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, February 19. The firm has “Overweight” rating given on Thursday, October 26 by Barclays Capital. Credit Suisse downgraded the shares of LH in report on Monday, December 11 to “Hold” rating. On Friday, February 17 the stock rating was maintained by Mizuho with “Neutral”.

Since August 1, 2017, it had 0 insider buys, and 7 insider sales for $14.75 million activity. Dodson Edward T had sold 2,871 shares worth $459,739 on Tuesday, August 1. $486,338 worth of Laboratory Corporation of America Holdings (NYSE:LH) shares were sold by Williams R Sanders. The insider Uthgenannt Lisa J sold $800,000. Shares for $149,068 were sold by Gilliland Dwight Gary. The insider EBERTS F SAMUEL III sold 31,500 shares worth $4.89 million. $951,672 worth of Laboratory Corporation of America Holdings (NYSE:LH) was sold by EISENBERG GLENN A.

Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.16, from 1.06 in 2017Q2. It fall, as 41 investors sold LH shares while 239 reduced holdings. 70 funds opened positions while 181 raised stakes. 91.79 million shares or 1.82% less from 93.49 million shares in 2017Q2 were reported. Public Employees Retirement Of Ohio owns 0.09% invested in Laboratory Corporation of America Holdings (NYSE:LH) for 109,240 shares. Sumitomo Mitsui Asset Management Limited has 7,917 shares. Horizon Invest Serv Ltd Liability Corp reported 20,417 shares. Pggm Invs stated it has 0.06% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Utd Fin Advisers Limited Co has invested 0.04% of its portfolio in Laboratory Corporation of America Holdings (NYSE:LH). Teacher Retirement Systems Of Texas has invested 0% in Laboratory Corporation of America Holdings (NYSE:LH). First Pacific holds 0.02% or 16,560 shares in its portfolio. Taylor Asset holds 51,800 shares. Willis Counsel holds 0.34% or 31,595 shares. Greenleaf reported 0% stake. Goldman Sachs Grp reported 1.63 million shares. Barry Investment Limited Liability Company has invested 0.52% in Laboratory Corporation of America Holdings (NYSE:LH). 16,522 were accumulated by Jlb And Assocs Inc. Tourbillon Prtn Ltd Partnership reported 269,865 shares or 0.99% of all its holdings. Sei Invs, Pennsylvania-based fund reported 126,517 shares.

Investors sentiment increased to 1 in Q3 2017. Its up 0.11, from 0.89 in 2017Q2. It improved, as 56 investors sold OMC 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. Global X Mgmt Limited Liability Corporation has invested 0% in Omnicom Group Inc. (NYSE:OMC). Gsa Cap Prtnrs Llp reported 0.02% stake. Ruggie reported 43 shares stake. Sumitomo Mitsui Trust Hldgs Inc owns 0.07% invested in Omnicom Group Inc. (NYSE:OMC) for 652,914 shares. Cubist Systematic Strategies Limited Co has 27,187 shares. Whittier Trust Of Nevada accumulated 113 shares. Security Financial Bank Of So Dak reported 10,035 shares. Alabama-based First Natl Bank has invested 0.36% in Omnicom Group Inc. (NYSE:OMC). 206,364 were accumulated by Credit Agricole S A. Agf reported 1.56 million shares. Louisiana State Employees Retirement holds 0.05% or 14,400 shares. Mirae Asset Glob Invs Limited has 25,043 shares. Asset One Limited reported 362,320 shares or 0.06% of all its holdings. Magnetar Ltd Liability Corp reported 7,313 shares. France-based Natixis Asset has invested 0.04% in Omnicom Group Inc. (NYSE:OMC).

Since October 19, 2017, it had 0 insider buys, and 2 sales for $653,858 activity. Shares for $617,516 were sold by Sherman Peter K. on Monday, December 11.

Among 15 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 2 Sell and 9 Hold. Therefore 27% are positive. Omnicom had 41 analyst reports since July 23, 2015 according to SRatingsIntel. As per Wednesday, October 11, the company rating was maintained by Credit Suisse. The firm has “Hold” rating given on Monday, June 5 by Jefferies. The firm has “Hold” rating given on Monday, August 14 by Jefferies. The rating was maintained by Pivotal Research on Monday, October 17 with “Hold”. The firm has “Hold” rating by BMO Capital Markets given on Monday, September 11. The stock of Omnicom Group Inc. (NYSE:OMC) has “Neutral” rating given on Wednesday, October 18 by Credit Suisse. The rating was maintained by Jefferies with “Hold” on Thursday, October 19. On Monday, September 18 the stock rating was maintained by Jefferies with “Hold”. The stock has “Hold” rating by BMO Capital Markets on Wednesday, November 22. The firm earned “Buy” rating on Friday, July 21 by RBC Capital Markets.

Verity & Verity Llc, which manages about $217.83M and $342.96M US Long portfolio, decreased its stake in Diageo P L C (NYSE:DEO) by 7,572 shares to 41,041 shares, valued at $5.42M in 2017Q3, according to the filing. It also reduced its holding in Leggett & Platt Inc (NYSE:LEG) by 39,766 shares in the quarter, leaving it with 47,064 shares, and cut its stake in Deere & Co (NYSE:DE).

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