Boston Research & Management Inc. lifted its holdings in Omnicom Group (NYSE:OMC) by 4.9% in the first quarter, HoldingsChannel reports. The firm owned 36,499 shares of the business services provider’s stock after purchasing an additional 1,700 shares during the quarter. Boston Research & Management Inc.’s holdings in Omnicom Group were worth $2,652,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in Omnicom Group during the fourth quarter worth $104,000. MUFG Americas Holdings Corp boosted its stake in Omnicom Group by 123.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after buying an additional 847 shares during the period. Tower Research Capital LLC TRC purchased a new position in Omnicom Group during the fourth quarter worth $199,000. Oppenheimer & Co. Inc. purchased a new position in Omnicom Group during the first quarter worth $216,000. Finally, Lourd Capital LLC purchased a new position in Omnicom Group during the fourth quarter worth $220,000.
NYSE:OMC opened at $74.96 on Monday. Omnicom Group has a twelve month low of $65.32 and a twelve month high of $85.44. The firm has a market cap of $17.04 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 2.29 and a beta of 1.15. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.52.
Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, April 17th. The business services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.08. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. Omnicom Group had a return on equity of 39.97% and a net margin of 7.25%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 earnings per share. sell-side analysts anticipate that Omnicom Group will post 5.65 earnings per share for the current year.
Several research analysts have commented on OMC shares. Pivotal Research dropped their price objective on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, February 15th. Royal Bank of Canada downgraded Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 target price for the company. in a research report on Friday, February 16th. Bank of America downgraded Omnicom Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. Atlantic Securities upgraded Omnicom Group from an “underweight” rating to a “neutral” rating in a research report on Friday, March 2nd. Finally, Morgan Stanley lifted their target price on Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus target price of $81.36.
In related news, Director Linda Johnson Rice sold 499 shares of Omnicom Group stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $75.31, for a total value of $37,579.69. Following the completion of the sale, the director now directly owns 7,900 shares in the company, valued at $594,949. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Dennis E. Hewitt sold 2,000 shares of Omnicom Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $77.38, for a total value of $154,760.00. Following the completion of the sale, the treasurer now owns 42,561 shares of the company’s stock, valued at $3,293,370.18. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Omnicom Group Company Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.
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