Insider Selling: Omnicom Group Inc. (NYSE:OMC) CAO Sells 3,000 Shares of Stock

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Omnicom Group Inc. (NYSE:OMC) CAO Andrew Castellaneta sold 3,000 shares of Omnicom Group stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $75.78, for a total transaction of $227,340.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Omnicom Group stock traded down $0.65 during trading on Friday, reaching $75.38. The company’s stock had a trading volume of 1,877,826 shares, compared to its average volume of 1,883,439. The business’s 50-day moving average price is $77.31 and its 200-day moving average price is $78.89. The firm has a market cap of $16.54 billion, a PE ratio of 13.12, a P/E/G ratio of 2.48 and a beta of 0.71. Omnicom Group Inc. has a 52 week low of $68.58 and a 52 week high of $85.05. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 1.81.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 15th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.01. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Omnicom Group had a net margin of 8.88% and a return on equity of 43.94%. Omnicom Group’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 earnings per share. Equities analysts predict that Omnicom Group Inc. will post 6.02 earnings per share for the current year.

A number of equities analysts have commented on OMC shares. Citigroup reduced their price objective on shares of Omnicom Group from $87.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating and set a $82.00 price objective for the company in a research report on Monday. Wells Fargo & Co started coverage on shares of Omnicom Group in a research report on Monday, September 23rd. They set a “market perform” rating and a $81.00 price objective for the company. BMO Capital Markets cut shares of Omnicom Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $88.00 to $86.00 in a research report on Sunday, July 14th. Finally, Barclays set a $84.00 price objective on shares of Omnicom Group and gave the stock a “hold” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $82.50.

Institutional investors have recently made changes to their positions in the company. Clark Capital Management Group Inc. bought a new stake in shares of Omnicom Group in the second quarter valued at about $17,298,000. BBT Capital Management LLC bought a new stake in shares of Omnicom Group in the second quarter valued at about $202,000. Russell Investments Group Ltd. boosted its position in shares of Omnicom Group by 16.3% in the second quarter. Russell Investments Group Ltd. now owns 644,553 shares of the business services provider’s stock valued at $52,700,000 after acquiring an additional 90,328 shares during the period. Fiduciary Management Inc. WI boosted its position in shares of Omnicom Group by 16.5% in the second quarter. Fiduciary Management Inc. WI now owns 5,086,196 shares of the business services provider’s stock valued at $416,814,000 after acquiring an additional 721,926 shares during the period. Finally, GHP Investment Advisors Inc. boosted its position in shares of Omnicom Group by 11.2% in the second quarter. GHP Investment Advisors Inc. now owns 12,915 shares of the business services provider’s stock valued at $1,058,000 after acquiring an additional 1,302 shares during the period.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

Further Reading: Quantitative Easing

Insider Buying and Selling by Quarter for Omnicom Group (NYSE:OMC)

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