Shares of Omnicom Group Inc. (NYSE:OMC) have earned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $84.07.
Several brokerages recently issued reports on OMC. Royal Bank Of Canada set a $96.00 price objective on Omnicom Group and gave the stock a “buy” rating in a report on Saturday, July 22nd. Zacks Investment Research cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut Omnicom Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Telsey Advisory Group raised Omnicom Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $86.00 to $89.00 in a report on Wednesday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a report on Friday, July 14th.
In other news, Director Linda Johnson Rice sold 483 shares of Omnicom Group stock in a transaction on Monday, July 24th. The stock was sold at an average price of $82.19, for a total value of $39,697.77. Following the completion of the sale, the director now owns 7,724 shares of the company’s stock, valued at $634,835.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of Omnicom Group stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value of $71,199.00. Following the completion of the sale, the treasurer now directly owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,872 shares of company stock valued at $147,239. Company insiders own 1.10% of the company’s stock.
Large investors have recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new stake in shares of Omnicom Group in the second quarter valued at $104,000. Parallel Advisors LLC grew its position in shares of Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of Omnicom Group in the second quarter valued at $149,000. Invictus RG grew its position in shares of Omnicom Group by 1,098.2% in the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 1,812 shares during the period. Finally, FNY Partners Fund LP grew its position in shares of Omnicom Group by 46.7% in the first quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 700 shares during the period. 98.57% of the stock is owned by institutional investors and hedge funds.
Shares of Omnicom Group (NYSE:OMC) traded up 1.00% during mid-day trading on Wednesday, hitting $73.69. The company had a trading volume of 3,496,302 shares. The firm has a 50-day moving average price of $74.13 and a 200 day moving average price of $79.61. The firm has a market capitalization of $17.00 billion, a P/E ratio of 14.66 and a beta of 1.28. Omnicom Group has a 12 month low of $71.63 and a 12 month high of $89.66.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. Omnicom Group’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. On average, equities research analysts forecast that Omnicom Group will post $5.11 earnings per share for the current fiscal year.
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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