Omnicom Group Inc. (NYSE:OMC – Get Free Report) CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Omnicom Group Trading Down 0.3 %
Shares of OMC opened at $100.45 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. Omnicom Group Inc. has a 12-month low of $73.58 and a 12-month high of $106.51. The firm has a market capitalization of $19.67 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. The stock’s fifty day simple moving average is $100.75 and its 200-day simple moving average is $95.44.
Omnicom Group (NYSE:OMC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. During the same period in the previous year, the business posted $1.86 EPS. As a group, research analysts predict that Omnicom Group Inc. will post 7.88 earnings per share for the current year.
Analysts Set New Price Targets
Check Out Our Latest Analysis on OMC
Hedge Funds Weigh In On Omnicom Group
A number of hedge funds and other institutional investors have recently bought and sold shares of OMC. Boston Partners grew its holdings in Omnicom Group by 11.0% during the 1st quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock worth $374,795,000 after acquiring an additional 383,560 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Omnicom Group by 37.0% during the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock worth $296,717,000 after purchasing an additional 892,494 shares during the period. Lazard Asset Management LLC grew its stake in shares of Omnicom Group by 6.3% during the first quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider’s stock worth $269,734,000 after purchasing an additional 165,136 shares during the period. Cooke & Bieler LP lifted its stake in Omnicom Group by 4.8% in the second quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider’s stock valued at $215,249,000 after buying an additional 109,406 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Omnicom Group by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock valued at $205,682,000 after buying an additional 364,665 shares during the period. 91.97% of the stock is owned by institutional investors.
Omnicom Group Company Profile
Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.
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