Omnicom Group Inc. (NYSE:OMC) Treasurer Dennis E. Hewitt sold 200 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $70.03, for a total transaction of $14,006.00. Following the transaction, the treasurer now owns 45,310 shares in the company, valued at approximately $3,173,059.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of NYSE:OMC opened at $74.70 on Friday. Omnicom Group Inc. has a twelve month low of $65.32 and a twelve month high of $83.34. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $16.76 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06.
Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 16th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. Omnicom Group had a net margin of 7.68% and a return on equity of 41.70%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter last year, the business earned $1.13 EPS. The firm’s revenue was down .1% compared to the same quarter last year. As a group, analysts expect that Omnicom Group Inc. will post 5.63 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMC. Benjamin F. Edwards & Company Inc. raised its stake in Omnicom Group by 201.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,454 shares of the business services provider’s stock worth $111,000 after acquiring an additional 972 shares during the period. Vigilant Capital Management LLC raised its stake in Omnicom Group by 3,495.5% during the 2nd quarter. Vigilant Capital Management LLC now owns 2,409 shares of the business services provider’s stock worth $184,000 after acquiring an additional 2,342 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in Omnicom Group during the 2nd quarter worth approximately $185,000. Piedmont Investment Advisors LLC bought a new stake in Omnicom Group during the 2nd quarter worth approximately $199,000. Finally, Lourd Capital LLC bought a new stake in Omnicom Group during the 3rd quarter worth approximately $201,000.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Friday, July 6th. ValuEngine upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. Barclays cut shares of Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 price objective on the stock. in a research note on Friday, September 28th. Pivotal Research increased their price objective on shares of Omnicom Group from $65.00 to $66.00 and gave the stock a “hold” rating in a research note on Tuesday, October 16th. Finally, Royal Bank of Canada lowered their price objective on shares of Omnicom Group to $75.00 and set a “$70.60” rating on the stock in a research note on Wednesday, July 18th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus target price of $75.40.
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.
See Also: Earnings Per Share (EPS)
Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.