Omnicom Group Inc. (OMC) Receives Average Recommendation of “Hold” from Analysts
Shares of Omnicom Group Inc. (NYSE:OMC) have received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock. Twelve investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $82.64.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Royal Bank Of Canada assumed coverage on Omnicom Group in a report on Friday, October 7th. They set a “sector perform” rating and a $87.00 target price on the stock. RBC Capital Markets assumed coverage on Omnicom Group in a report on Thursday, October 6th. They set a “sector perform” rating and a $87.00 target price on the stock. Albert Fried & Company reiterated a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a report on Thursday, July 14th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $80.00 target price on shares of Omnicom Group in a report on Sunday, July 17th.
Shares of Omnicom Group (NYSE:OMC) traded down 0.6449% on Thursday, hitting $82.1468. The stock had a trading volume of 1,074,842 shares. Omnicom Group has a one year low of $66.48 and a one year high of $87.50. The firm’s 50 day moving average is $84.52 and its 200-day moving average is $83.42. The stock has a market capitalization of $19.43 billion, a PE ratio of 17.9674 and a beta of 1.35.
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In related news, Director Linda Johnson Rice sold 824 shares of Omnicom Group stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $84.55, for a total value of $69,669.20. Following the sale, the director now owns 30,440 shares of the company’s stock, valued at $2,573,702. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new stake in Omnicom Group during the first quarter worth about $40,095,000. Cypress Capital Group increased its stake in Omnicom Group by 58.3% in the first quarter. Cypress Capital Group now owns 11,794 shares of the company’s stock worth $982,000 after buying an additional 4,344 shares in the last quarter. Acadian Asset Management LLC increased its stake in Omnicom Group by 88.1% in the second quarter. Acadian Asset Management LLC now owns 12,086 shares of the company’s stock worth $984,000 after buying an additional 5,662 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Omnicom Group by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 211,987 shares of the company’s stock worth $17,275,000 after buying an additional 772 shares in the last quarter. Finally, PGGM Investments increased its stake in Omnicom Group by 7.0% in the second quarter. PGGM Investments now owns 527,331 shares of the company’s stock worth $42,972,000 after buying an additional 34,588 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.
About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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