Omnicom Group Inc. (NYSE:OMC) is scheduled to post its Q316 quarterly earnings results on Tuesday, October 18th. Analysts expect Omnicom Group to post earnings of $1.03 per share and revenue of $3.80 billion for the quarter.
Omnicom Group Inc. (NYSE:OMC) opened at 82.87 on Monday. The firm’s 50-day moving average price is $84.41 and its 200 day moving average price is $83.41. Omnicom Group Inc. has a 52-week low of $66.48 and a 52-week high of $87.50. The company has a market cap of $19.60 billion, a PE ratio of 18.13 and a beta of 1.35.
In other news, Director Linda Johnson Rice sold 824 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $84.55, for a total transaction of $69,669.20. Following the transaction, the director now owns 30,440 shares of the company’s stock, valued at approximately $2,573,702. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position in shares of Omnicom Group by 3.7% in the second quarter. Thrivent Financial for Lutherans now owns 7,310 shares of the company’s stock worth $596,000 after buying an additional 260 shares in the last quarter. Pacer Advisors Inc. raised its stake in Omnicom Group by 9.5% in the second quarter. Pacer Advisors Inc. now owns 4,916 shares of the company’s stock worth $401,000 after buying an additional 426 shares during the last quarter. Quest Investment Management Inc. OR raised its stake in Omnicom Group by 0.3% in the second quarter. Quest Investment Management Inc. OR now owns 170,119 shares of the company’s stock worth $13,863,000 after buying an additional 515 shares during the last quarter. Van ECK Associates Corp raised its stake in Omnicom Group by 29.1% in the second quarter. Van ECK Associates Corp now owns 2,503 shares of the company’s stock worth $204,000 after buying an additional 564 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its stake in Omnicom Group by 2.5% in the second quarter. Commonwealth Bank of Australia now owns 27,514 shares of the company’s stock worth $2,241,000 after buying an additional 684 shares during the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on OMC shares. Credit Suisse Group AG initiated coverage on Omnicom Group in a report on Thursday, September 15th. They set a “neutral” rating and a $83.00 price objective for the company. Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. RBC Capital Markets reaffirmed a “hold” rating and set a $87.00 target price on shares of Omnicom Group in a research report on Sunday, October 9th. Telsey Advisory Group lifted their target price on Omnicom Group from $79.00 to $86.00 and gave the company a “market perform” rating in a research report on Wednesday, July 20th. Finally, Royal Bank Of Canada initiated coverage on Omnicom Group in a research report on Friday, October 7th. They set a “sector perform” rating and a $87.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $83.69.
Omnicom Group Company Profile
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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