Omnicom Group Inc. (NYSE:OMC) Shares Acquired by HF Advisory Group LLC

HF Advisory Group LLC lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 11.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,660 shares of the business services provider’s stock after buying an additional 374 shares during the quarter. HF Advisory Group LLC’s holdings in Omnicom Group were worth $378,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OMC. Northwest Investment Counselors LLC purchased a new stake in shares of Omnicom Group during the 3rd quarter worth about $33,000. Davis Capital Management acquired a new position in Omnicom Group in the 3rd quarter worth about $36,000. Innealta Capital LLC purchased a new position in Omnicom Group during the second quarter worth approximately $33,000. HM Payson & Co. grew its holdings in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 169 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Omnicom Group in the second quarter valued at approximately $33,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the sale, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction 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 in the company, valued at approximately $2,479,053.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the sale, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $106.00 to $110.00 in a research report on Wednesday, October 16th. Bank of America upped their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. Barclays lifted their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, UBS Group increased their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.11.

Omnicom Group Trading Up 1.8 %

OMC opened at $105.06 on Thursday. The firm has a market capitalization of $20.50 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 2.27 and a beta of 0.95. The company’s 50 day simple moving average is $101.63 and its two-hundred day simple moving average is $96.14. Omnicom Group Inc. has a 1-year low of $74.41 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter last year, the business posted $1.86 earnings per share. Analysts expect that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Omnicom Group Profile

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.