A number of other equities analysts have also weighed in on OMC. Zacks Investment Research lowered shares of Omnicom Group from a hold rating to a sell rating in a report on Wednesday, July 13th. Albert Fried & Company restated a hold rating and set a $85.00 target price on shares of Omnicom Group in a report on Thursday, July 14th. BMO Capital Markets restated a hold rating and set a $80.00 target price on shares of Omnicom Group in a report on Sunday, July 17th. Telsey Advisory Group lifted their target price on shares of Omnicom Group from $79.00 to $86.00 and gave the company a market perform rating in a report on Wednesday, July 20th. Finally, Credit Suisse Group AG started coverage on shares of Omnicom Group in a report on Thursday, September 15th. They set a neutral rating and a $83.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Omnicom Group currently has a consensus rating of Hold and a consensus target price of $83.86.
Omnicom Group (NYSE:OMC) traded down 1.98% on Monday, reaching $81.19. The company’s stock had a trading volume of 564,916 shares. The firm has a 50 day moving average price of $84.36 and a 200 day moving average price of $83.41. Omnicom Group has a 52 week low of $66.48 and a 52 week high of $87.50. The stock has a market capitalization of $19.20 billion, a P/E ratio of 17.76 and a beta of 1.35.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 18th. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.03. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.80 billion. Omnicom Group had a net margin of 7.26% and a return on equity of 38.56%. Omnicom Group’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.97 EPS. On average, equities analysts anticipate that Omnicom Group will post $4.75 EPS for the current year.
In other news, Director Linda Johnson Rice sold 824 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $84.55, for a total value of $69,669.20. Following the completion of the sale, the director now owns 30,440 shares of the company’s stock, valued at approximately $2,573,702. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new stake in shares of Omnicom Group during the first quarter worth $40,095,000. Cypress Capital Group increased its stake in shares of Omnicom Group by 58.3% in the first quarter. Cypress Capital Group now owns 11,794 shares of the company’s stock worth $982,000 after buying an additional 4,344 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Omnicom Group by 88.1% in the second quarter. Acadian Asset Management LLC now owns 12,086 shares of the company’s stock worth $984,000 after buying an additional 5,662 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Omnicom Group by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 211,987 shares of the company’s stock worth $17,275,000 after buying an additional 772 shares in the last quarter. Finally, PGGM Investments increased its stake in shares of Omnicom Group by 7.0% in the second quarter. PGGM Investments now owns 527,331 shares of the company’s stock worth $42,972,000 after buying an additional 34,588 shares in the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.
About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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