International Private Wealth Advisors LLC Cuts Position in Omnicom Group Inc. (NYSE:OMC)

International Private Wealth Advisors LLC cut its stake in Omnicom Group Inc. (NYSE:OMC) by 4.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,594 shares of the business services provider’s stock after selling 163 shares during the period. International Private Wealth Advisors LLC’s holdings in Omnicom Group were worth $372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Omnicom Group in the second quarter worth $33,000. Innealta Capital LLC purchased a new stake in Omnicom Group during the second quarter valued at about $33,000. Northwest Investment Counselors LLC purchased a new stake in Omnicom Group during the third quarter valued at about $33,000. Davis Capital Management purchased a new stake in Omnicom Group during the third quarter valued at about $36,000. Finally, HM Payson & Co. boosted its position in Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated Friday, October 18th. The shares were 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 legal filing with the SEC, which is available at this hyperlink. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Omnicom Group Trading Up 0.6 %

OMC stock traded up $0.66 during trading on Thursday, reaching $104.00. The company had a trading volume of 97,398 shares, compared to its average volume of 1,510,599. Omnicom Group Inc. has a 52 week low of $76.90 and a 52 week high of $107.00. The company has a market cap of $20.29 billion, a P/E ratio of 14.12, a PEG ratio of 2.33 and a beta of 0.95. The business has a 50 day moving average of $102.09 and a 200 day moving average of $96.45. 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 released 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. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the previous year, the company posted $1.86 earnings per share. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays upped their price target 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. UBS Group upped their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $106.00 to $110.00 in a research note on Wednesday, October 16th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.11.

Omnicom Group Company 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.