Omnicom Group Inc. (NYSE:OMC) Director Leonard S. Coleman, Jr. sold 986 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $87.74, for a total value of $86,511.64. Following the transaction, the director now directly owns 26,829 shares of the company’s stock, valued at approximately $2,353,976.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Omnicom Group Inc. (NYSE:OMC) opened at 88.20 on Tuesday. Omnicom Group Inc. has a 1-year low of $66.48 and a 1-year high of $88.79. The firm’s 50 day moving average price is $82.24 and its 200-day moving average price is $83.07. The company has a market capitalization of $20.80 billion, a P/E ratio of 18.91 and a beta of 1.25.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The firm earned $3.79 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Omnicom Group had a return on equity of 39.38% and a net margin of 7.32%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. Analysts expect that Omnicom Group Inc. will post $4.75 EPS for the current year.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Thursday, October 6th. Pivotal Research lifted their price target on Omnicom Group from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday, October 17th. RBC Capital Markets reaffirmed a “hold” rating and issued a $87.00 price target on shares of Omnicom Group in a research report on Sunday, October 9th. 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 for the company. Finally, Royal Bank Of Canada assumed coverage on Omnicom Group in a research report on Friday, October 7th. They issued a “sector perform” rating and a $87.00 price target for the company. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Omnicom Group presently has a consensus rating of “Hold” and an average price target of $83.86.
Large investors have recently modified their holdings of the company. Janus Capital Management LLC boosted its stake 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 worth $274,733,000 after buying an additional 662,404 shares during the period. Morgan Stanley boosted its stake in shares of Omnicom Group by 158.4% in the third quarter. Morgan Stanley now owns 918,691 shares of the company’s stock worth $78,088,000 after buying an additional 563,152 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Omnicom Group during the second quarter worth $40,919,000. Bank of Montreal Can bought a new stake in shares of Omnicom Group during the second quarter worth $40,767,000. Finally, Mackenzie Financial Corp boosted its stake 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 worth $327,750,000 after buying an additional 417,049 shares during the period. Hedge funds and other institutional investors own 95.24% of the company’s stock.
About Omnicom Group