Omnicom Group Inc. (NYSE:OMC) – Equities researchers at Jefferies Group raised their Q3 2016 earnings estimates for shares of Omnicom Group in a research report issued on Monday. Jefferies Group analyst J. Janedis now expects that the brokerage will post earnings per share of $1.04 for the quarter, up from their previous estimate of $1.03.
Several other analysts have also recently commented on OMC. BMO Capital Markets reaffirmed a “hold” rating and issued a $80.00 target price on shares of Omnicom Group in a research report on Sunday, July 17th. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Albert Fried & Company reaffirmed a “hold” rating and issued a $85.00 target price on shares of Omnicom Group in a research report on Thursday, July 14th. Credit Suisse Group AG began coverage on Omnicom Group in a research report on Thursday, September 15th. They issued a “neutral” rating and a $83.00 target price for the company. Finally, RBC Capital Markets began coverage on Omnicom Group in a research report on Thursday, October 6th. They issued a “sector perform” rating and a $87.00 target price for the company. Twelve analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $82.64.
Shares of Omnicom Group (NYSE:OMC) opened at 82.07 on Wednesday. The firm has a market cap of $19.41 billion, a price-to-earnings ratio of 17.95 and a beta of 1.35. The stock has a 50 day moving average price of $84.45 and a 200-day moving average price of $83.41. Omnicom Group has a 1-year low of $66.48 and a 1-year high of $87.50.
In other Omnicom Group news, Director Linda Johnson Rice sold 824 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was 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 $2,573,702. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Omnicom Group during the first quarter worth approximately $110,000. BB&T Securities LLC raised its position in Omnicom Group by 2.4% in the first quarter. BB&T Securities LLC now owns 610,162 shares of the company’s stock worth $50,784,000 after buying an additional 14,010 shares during the last quarter. 1832 Asset Management L.P. raised its position in Omnicom Group by 475.8% in the first quarter. 1832 Asset Management L.P. now owns 853,450 shares of the company’s stock worth $117,757,000 after buying an additional 705,240 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Omnicom Group during the first quarter worth approximately $413,000. Finally, Carnick & Kubik LLC acquired a new position in Omnicom Group during the first quarter worth approximately $350,000. Institutional investors and hedge funds own 97.04% of the company’s stock.
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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