FDx Advisors Inc. cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 4.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,473 shares of the business services provider’s stock after selling 1,615 shares during the period. FDx Advisors Inc.’s holdings in Omnicom Group were worth $2,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Security National Bank of Sioux City Iowa IA lifted its position in Omnicom Group by 0.3% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 35 shares during the period. Pennsylvania Trust Co lifted its position in Omnicom Group by 1.1% during the second quarter. Pennsylvania Trust Co now owns 4,596 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 50 shares during the period. Financial Counselors Inc. lifted its position in Omnicom Group by 1.5% during the second quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 54 shares during the period. WMS Partners LLC lifted its position in Omnicom Group by 1.2% during the second quarter. WMS Partners LLC now owns 4,650 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 55 shares during the period. Finally, Tdam USA Inc. lifted its position in Omnicom Group by 0.5% during the second quarter. Tdam USA Inc. now owns 16,379 shares of the business services provider’s stock valued at $1,365,000 after purchasing an additional 74 shares during the period. Institutional investors own 99.67% of the company’s stock.
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Omnicom Group Inc. (NYSE:OMC) traded up $0.27 during mid-day trading on Friday, hitting $67.55. 2,340,200 shares of the stock were exchanged, compared to its average volume of 2,868,933. The stock has a market capitalization of $15,572.50, a PE ratio of 13.59, a P/E/G ratio of 1.82 and a beta of 1.22. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a twelve month low of $65.32 and a twelve month high of $89.66.
Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. equities research analysts expect that Omnicom Group Inc. will post 5.11 earnings per share for the current year.
In other news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the sale, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.
A number of research analysts recently issued reports on OMC shares. Morgan Stanley downgraded shares of Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 target price for the company. in a research report on Monday, October 16th. Credit Suisse Group decreased their target price on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BMO Capital Markets restated a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research report on Wednesday, September 13th. Finally, Telsey Advisory Group upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $86.00 to $89.00 in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $84.00.
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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