Omnicom Group Inc. (NYSE:OMC) Shares Sold by Whitnell & Co.

Whitnell & Co. decreased its holdings in Omnicom Group Inc. (NYSE:OMC) by 9.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,536 shares of the business services provider’s stock after selling 2,699 shares during the quarter. Whitnell & Co.’s holdings in Omnicom Group were worth $1,999,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. increased its stake in Omnicom Group by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 30,462 shares of the business services provider’s stock worth $2,496,000 after buying an additional 131 shares in the last quarter. 6 Meridian grew its position in shares of Omnicom Group by 2.1% in the second quarter. 6 Meridian now owns 6,530 shares of the business services provider’s stock valued at $535,000 after purchasing an additional 137 shares in the last quarter. Kings Point Capital Management grew its position in shares of Omnicom Group by 47.0% in the second quarter. Kings Point Capital Management now owns 441 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 141 shares in the last quarter. World Asset Management Inc grew its position in shares of Omnicom Group by 0.9% in the third quarter. World Asset Management Inc now owns 16,404 shares of the business services provider’s stock valued at $1,284,000 after purchasing an additional 142 shares in the last quarter. Finally, Albert D Mason Inc. grew its position in shares of Omnicom Group by 0.5% in the third quarter. Albert D Mason Inc. now owns 33,899 shares of the business services provider’s stock valued at $2,654,000 after purchasing an additional 155 shares in the last quarter.

OMC has been the topic of a number of recent analyst reports. Wells Fargo & Co initiated coverage on Omnicom Group in a report on Monday, September 23rd. They issued a “market perform” rating and a $81.00 price objective on the stock. ValuEngine cut Omnicom Group from a “hold” rating to a “sell” rating in a report on Sunday, October 27th. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating and set a $82.00 price objective on the stock in a report on Monday, October 14th. BMO Capital Markets cut Omnicom Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $88.00 to $86.00 in a report on Sunday, July 14th. Finally, Barclays set a $84.00 price objective on Omnicom Group and gave the company a “hold” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Omnicom Group has a consensus rating of “Hold” and an average target price of $82.50.

Shares of NYSE OMC traded up $0.50 during mid-day trading on Friday, hitting $80.77. The company had a trading volume of 1,561,262 shares, compared to its average volume of 1,850,284. The company has a market capitalization of $17.20 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.62 and a beta of 0.70. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.87 and a quick ratio of 0.77. Omnicom Group Inc. has a 1-year low of $68.58 and a 1-year high of $85.05. The business’s 50-day simple moving average is $76.88 and its 200 day simple moving average is $78.94.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.01. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Omnicom Group had a return on equity of 44.02% and a net margin of 8.88%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $1.32 earnings per share. On average, analysts expect that Omnicom Group Inc. will post 6.02 EPS for the current year.

In other news, Director Linda Johnson Rice sold 463 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $77.14, for a total value of $35,715.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Andrew Castellaneta sold 3,000 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $75.78, for a total value of $227,340.00. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Omnicom Group Profile

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.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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