Today: Today, 986 Shares of Stock are sold by Omnicom Group Inc. (OMC) Director Leonard S. Coleman, Jr.

Today, 986 Shares of Stock are sold by Omnicom Group Inc. (OMC) Director Leonard S. Coleman, Jr.

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.

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