Andrew Castellaneta Sells 4,000 Shares of Omnicom Group Inc. (NYSE:OMC) Stock

Omnicom Group Inc. (NYSE:OMC) CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Omnicom Group Price Performance

Shares of OMC opened at $100.72 on Thursday. The firm has a market capitalization of $19.72 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The company’s fifty day moving average price is $100.75 and its 200-day moving average price is $95.44. Omnicom Group Inc. has a 1-year low of $73.58 and a 1-year high of $106.51.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.01. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the previous year, the business earned $1.86 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 7.88 EPS for the current year.

Hedge Funds Weigh In On Omnicom Group

Several hedge funds and other institutional investors have recently bought and sold shares of OMC. Resonant Capital Advisors LLC boosted its holdings in shares of Omnicom Group by 1.7% in the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock valued at $613,000 after acquiring an additional 97 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Omnicom Group by 17.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 97 shares during the last quarter. Iowa State Bank grew its position in Omnicom Group by 0.4% during the 3rd quarter. Iowa State Bank now owns 24,447 shares of the business services provider’s stock worth $2,528,000 after purchasing an additional 101 shares during the period. Center For Asset Management LLC raised its stake in shares of Omnicom Group by 2.6% during the 2nd quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider’s stock valued at $384,000 after buying an additional 107 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Omnicom Group by 1.1% during the 3rd quarter. Park Avenue Securities LLC now owns 10,151 shares of the business services provider’s stock valued at $1,049,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the subject of several recent research reports. Wells Fargo & Company lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. UBS Group increased their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Macquarie lifted their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Bank of America lifted their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.11.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.