Trading Report: The Omnicom Group Inc. (OMC) Scheduled to Post Earnings on Tuesday

The Omnicom Group Inc. (OMC) Scheduled to Post Earnings on Tuesday

Omnicom Group Inc. (NYSE:OMC) will issue its Q316 quarterly earnings data on Tuesday, October 18th. Analysts expect the company to announce earnings of $1.03 per share and revenue of $3.80 billion for the quarter.

Shares of Omnicom Group Inc. (NYSE:OMC) opened at 82.07 on Friday. The company has a market cap of $19.41 billion, a P/E ratio of 17.95 and a beta of 1.35. The stock’s 50 day moving average price is $84.45 and its 200 day moving average price is $83.41. Omnicom Group Inc. has a 1-year low of $66.48 and a 1-year high of $87.50.

In related news, Director Linda Johnson Rice sold 824 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $84.55, for a total transaction of $69,669.20. Following the completion of the transaction, the director now directly owns 30,440 shares in the company, valued at $2,573,702. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Capital Management LLC boosted its position in shares of Omnicom Group by 24.5% in the second quarter. Janus Capital Management LLC now owns 3,371,376 shares of the company’s stock valued at $274,733,000 after buying an additional 662,404 shares during the period. Mackenzie Financial Corp boosted its position in shares of Omnicom Group by 11.6% in the second quarter. Mackenzie Financial Corp now owns 4,021,970 shares of the company’s stock valued at $327,750,000 after buying an additional 417,049 shares during the period. FMR LLC boosted its position in shares of Omnicom Group by 14.1% in the second quarter. FMR LLC now owns 2,682,547 shares of the company’s stock valued at $218,601,000 after buying an additional 330,709 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Omnicom Group by 479.7% in the second quarter. Nuveen Asset Management LLC now owns 359,133 shares of the company’s stock valued at $29,266,000 after buying an additional 297,178 shares during the period. Finally, American International Group Inc. boosted its position in shares of Omnicom Group by 4.9% in the second quarter. American International Group Inc. now owns 5,373,920 shares of the company’s stock valued at $437,921,000 after buying an additional 253,058 shares during the period. 97.04% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. BMO Capital Markets restated a “hold” rating and issued a $80.00 price target on shares of Omnicom Group in a research report on Sunday, July 17th. Zacks Investment Research lowered Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Albert Fried & Company restated a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a research report on Thursday, July 14th. Credit Suisse Group AG assumed coverage on Omnicom Group in a research report on Thursday, September 15th. They issued a “neutral” rating and a $83.00 price target on the stock. Finally, RBC Capital Markets assumed coverage on Omnicom Group in a research report on Thursday, October 6th. They issued a “sector perform” rating and a $87.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $82.64.

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