Cabot Wealth Management Has Boosted By $439,632 Its Omnicom Group (OMC) Stake; Eastgroup Properties Has 1.62 Sentiment

June 14, 2018 - By Marie Mckinney

EastGroup Properties, Inc. (NYSE:EGP) Logo

Eastgroup Properties Inc (EGP) investors sentiment increased to 1.62 in 2018 Q1. It’s up 0.26, from 1.36 in 2017Q4. The ratio has increased, as 112 hedge funds started new or increased stock positions, while 69 reduced and sold their stakes in Eastgroup Properties Inc. The hedge funds in our database now own: 31.90 million shares, down from 32.23 million shares in 2017Q4. Also, the number of hedge funds holding Eastgroup Properties Inc in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 11 Reduced: 58 Increased: 79 New Position: 33.

Cabot Wealth Management Inc increased Omnicom Group Inc (OMC) stake by 14.59% reported in 2018Q1 SEC filing. Cabot Wealth Management Inc acquired 6,106 shares as Omnicom Group Inc (OMC)’s stock declined 7.86%. The Cabot Wealth Management Inc holds 47,945 shares with $3.48 million value, up from 41,839 last quarter. Omnicom Group Inc now has $17.13B valuation. The stock increased 1.29% or $0.96 during the last trading session, reaching $75.37. About 2.75 million shares traded or 51.06% up from the average. Omnicom Group Inc. (NYSE:OMC) has declined 13.92% since June 14, 2017 and is downtrending. It has underperformed by 26.49% the S&P500. Some Historical OMC News: ; 27/03/2018 – Omnicom Health Group Acquires Elsevier’s Pharma Communications Business In Japan, Rebrands As EMC K.K; 15/05/2018 – Omnicom Presenting at JPMorgan Conference Tomorrow; 17/04/2018 – OMNICOM – ON JAN 1 ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 606 “REVENUE FROM CONTRACTS WITH CUSTOMERS”; 12/04/2018 – OMNICOM TO NAME JOHN WREN CHAIRMAN; 09/05/2018 – TBWA\Chiat\Day New York Taps Al Merry for Executive Creative Director Role; 15/04/2018 – Ad king Sorrell’s abdication leaves WPP at crossroads; 04/04/2018 – Omnicom’s DAS Group Forms Specialty Marketing Practice Area, Stacey Hightower Named CEO; 16/03/2018 – Omnicom Forms Golden Cross: Technicals; 12/03/2018 – Omnicom’s GSD&M ldea City wins $741 mln U.S. defense contract -Pentagon; 26/04/2018 – Jenny Glover Joins Juniper Park\TBWA as Executive Creative Director

Since February 21, 2018, it had 0 buys, and 3 selling transactions for $230,764 activity. 498 shares were sold by RICE LINDA JOHNSON, worth $38,426 on Tuesday, February 27. $154,758 worth of Omnicom Group Inc. (NYSE:OMC) shares were sold by Hewitt Dennis E..

Another recent and important Omnicom Group Inc. (NYSE:OMC) news was published by which published an article titled: “WSJ: Omnicom takes HSBC media account from struggling WPP” on May 22, 2018.

Among 16 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Omnicom had 50 analyst reports since July 23, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Underweight” rating and $76 target in Wednesday, January 31 report. The rating was downgraded by Macquarie Research to “Underperform” on Tuesday, January 2. The firm has “Hold” rating given on Friday, February 16 by RBC Capital Markets. The firm earned “Hold” rating on Friday, October 16 by Pivotal Research. BMO Capital Markets maintained the shares of OMC in report on Monday, January 22 with “Hold” rating. The rating was maintained by Jefferies on Thursday, February 15 with “Hold”. As per Wednesday, September 6, the company rating was upgraded by Citigroup. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, May 23 report. The stock of Omnicom Group Inc. (NYSE:OMC) has “Buy” rating given on Friday, July 21 by RBC Capital Markets. The company was maintained on Monday, September 18 by Jefferies.

Cabot Wealth Management Inc decreased Jpmorgan Chase & Co (NYSE:JPM) stake by 3,256 shares to 105,327 valued at $11.58M in 2018Q1. It also reduced Vanguard Malvern Fds (VTIP) stake by 18,535 shares and now owns 4,930 shares. Schwab Strategic Tr (SCHO) was reduced too.

Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.11, from 0.96 in 2017Q4. It dropped, as 60 investors sold OMC shares while 229 reduced holdings. 66 funds opened positions while 180 raised stakes. 228.18 million shares or 1.27% less from 231.12 million shares in 2017Q4 were reported. Dynamic Advisor Solutions Lc has invested 0.07% in Omnicom Group Inc. (NYSE:OMC). Dowling And Yahnke Ltd Liability Corp invested 0.02% of its portfolio in Omnicom Group Inc. (NYSE:OMC). First National Trust reported 4,028 shares. Whittier Trust Com reported 75 shares. 134,865 are held by First Republic Investment Mngmt. Compass Cap Management Inc invested in 18,038 shares. Vident Advisory Lc owns 11,154 shares. Litman Gregory Asset Mngmt Ltd Liability Corporation holds 0.01% in Omnicom Group Inc. (NYSE:OMC) or 490 shares. Tdam Usa Inc reported 20,901 shares stake. Toronto Dominion State Bank reported 0.03% in Omnicom Group Inc. (NYSE:OMC). First Eagle Inv Mngmt Limited Co invested in 2.83% or 15.62M shares. Rocky Mountain Advisers Lc stated it has 0.01% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Kayne Anderson Rudnick Inv Mngmt Lc, California-based fund reported 71,410 shares. Mckinley Carter Wealth Svcs Incorporated holds 0% in Omnicom Group Inc. (NYSE:OMC) or 100 shares. Hays Advisory Ltd Liability Corp holds 0.68% in Omnicom Group Inc. (NYSE:OMC) or 19,459 shares.

Analysts await EastGroup Properties, Inc. (NYSE:EGP) to report earnings on July, 24. They expect $1.12 earnings per share, up 6.67% or $0.07 from last year’s $1.05 per share. EGP’s profit will be $38.99 million for 21.07 P/E if the $1.12 EPS becomes a reality. After $1.16 actual earnings per share reported by EastGroup Properties, Inc. for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Ratings analysis reveals 25% of EastGroup’s analysts are positive. Out of 4 Wall Street analysts rating EastGroup, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. EGP was included in 4 notes of analysts from September 28, 2016. The firm has “Buy” rating by Mizuho given on Wednesday, September 28. The firm earned “Equal-Weight” rating on Wednesday, April 12 by Morgan Stanley. The stock of EastGroup Properties, Inc. (NYSE:EGP) has “Neutral” rating given on Tuesday, December 13 by Citigroup. The company was upgraded on Friday, October 21 by Cantor Fitzgerald.

The stock increased 1.21% or $1.13 during the last trading session, reaching $94.41. About 132,467 shares traded. EastGroup Properties, Inc. (EGP) has risen 12.27% since June 14, 2017 and is uptrending. It has underperformed by 0.30% the S&P500. Some Historical EGP News: ; 24/05/2018 – EastGroup Properties Announces 154th Consecutive Quarterly Cash Dividend; 19/04/2018 – EASTGROUP PROPERTIES INC EGP.N FY2018 FFO SHR VIEW $4.51 — THOMSON REUTERS l/B/E/S; 25/05/2018 – EAST GROUP 300376.SZ SAYS SECURITIES REGULATOR TO FINE COMPANY’S OWNER FOR VIOLATION OF SECURITIES REGULATIONS, BUT WILL NOT PUNISH COMPANY; 22/04/2018 – DJ EastGroup Properties Inc, Inst Holders, 1Q 2018 (EGP); 19/04/2018 – EastGroup 1Q EPS 83c; 19/04/2018 – EASTGROUP SEES 2Q FFO/SHR $1.11 TO $1.13, EST. $1.13; 19/04/2018 – EastGroup 1Q Rev $72.2M; 05/03/2018 EastGroup Properties Announces Presentation At Citi 2018 Global Property CEO Conference; 19/04/2018 – EASTGROUP SEES FY FFO/SHR $4.51 TO $4.61, EST. $4.51; 19/04/2018 – EASTGROUP PROPERTIES INC EGP.N SEES FY 2018 FFO SHR $4.51 TO $4.61

Chilton Capital Management Llc holds 1.22% of its portfolio in EastGroup Properties, Inc. for 147,260 shares. Silvercrest Asset Management Group Llc owns 947,433 shares or 0.76% of their US portfolio. Moreover, Earnest Partners Llc has 0.68% invested in the company for 865,634 shares. The Alabama-based Weiss Multi has invested 0.51% in the stock. Karpas Strategies Llc, a New York-based fund reported 12,475 shares.

Since January 1, 0001, it had 1 insider buy, and 3 insider sales for $415,623 activity.

EastGroup Properties, Inc. (NYSE:EGP) Institutional Positions Chart

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