WealthTrust Fairport LLC raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 90.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,343 shares of the business services provider’s stock after purchasing an additional 5,854 shares during the period. WealthTrust Fairport LLC’s holdings in Omnicom Group were worth $840,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of 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 purchasing an additional 972 shares in the last quarter. Vigilant Capital Management LLC raised its stake in shares of 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 purchasing an additional 2,342 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Omnicom Group during the 2nd quarter worth about $185,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Omnicom Group during the 2nd quarter worth about $199,000. Finally, Lourd Capital LLC purchased a new stake in shares of Omnicom Group during the 3rd quarter worth about $201,000.
A number of equities research analysts have recently weighed in on OMC shares. Barclays downgraded Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 price target for the company. in a research note on Friday, September 28th. Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. ValuEngine downgraded Omnicom Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Finally, Royal Bank of Canada cut their price target on Omnicom Group to $75.00 and set a “$70.60” rating for the company 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. The stock presently has a consensus rating of “Hold” and an average target price of $75.40.
Shares of NYSE OMC opened at $75.22 on Monday. 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 stock has a market cap of $16.74 billion, a PE ratio of 14.75, a P/E/G ratio of 2.04 and a beta of 0.77. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $83.34.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 16th. The business services provider reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.03. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.68 billion. Omnicom Group had a return on equity of 41.70% and a net margin of 7.68%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 EPS. Research analysts expect that Omnicom Group Inc. will post 5.63 earnings per share for the current year.
In other news, CEO Jonathan B. Nelson sold 13,000 shares of the stock in a transaction dated Friday, October 19th. The stock was sold at an average price of $77.38, for a total transaction of $1,005,940.00. Following the transaction, the chief executive officer now owns 58,569 shares of the company’s stock, valued at approximately $4,532,069.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Dennis E. Hewitt sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $75.85, for a total value of $37,925.00. Following the completion of the sale, the treasurer now directly owns 45,610 shares in the company, valued at approximately $3,459,518.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,233 shares of company stock worth $1,098,528. 1.20% of the stock is currently owned by insiders.
Omnicom Group 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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