5 Best Advertising Stocks To Invest In

3. Omnicom Group Inc. (NYSE:OMC)

Number of Hedge Fund Holders: 29

Omnicom Group Inc. (NYSE:OMC) is one of the best advertising stocks to invest in. It is a New York-based provider of advertising, marketing, customer relationship management, public relations, and corporate communications services. On October 18, Omnicom Group Inc. (NYSE:OMC) reported its Q3 results, posting a Q3 GAAP EPS of $1.77 and a revenue of $3.44 billion, topping market estimates by $0.13 and $100 million, respectively. 

On October 14, JPMorgan analyst David Karnovsky noted that there are attractive risk/reward profiles for advertising agencies heading into the Q3 results. He had an Overweight rating on Omnicom Group Inc. (NYSE:OMC) with a price target of $86. 

Among the hedge funds tracked by Insider Monkey, Omnicom Group Inc. (NYSE:OMC) was part of 29 public stock portfolios at the end of Q2 2022, up from 22 in the prior quarter. Cliff Asness’ AQR Capital Management is the largest position holder in the company, with 651,855 shares worth $40.8 million.