Omnicom Group Inc. (NYSE:OMC) CAO Andrew Castellaneta Sells 4,000 Shares

Omnicom Group Inc. (NYSE:OMC) 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) 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

A number of research analysts have issued reports on OMC shares. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays boosted their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. UBS Group increased their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $106.00 to $110.00 in a research report on Wednesday, October 16th. Finally, Macquarie increased their target price on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.11.

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.