Omnicom Group Inc. (NYSE:OMC) Shares Acquired by HM Payson & Co.

HM Payson & Co. boosted its position in Omnicom Group Inc. (NYSE:OMC) by 84.5% during the 3rd quarter, Holdings Channel reports. The fund owned 369 shares of the business services provider’s stock after acquiring an additional 169 shares during the quarter. HM Payson & Co.’s holdings in Omnicom Group were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OMC. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at $33,000. Innealta Capital LLC acquired a new stake in Omnicom Group in the second quarter valued at $33,000. Northwest Investment Counselors LLC purchased a new stake in Omnicom Group during the 3rd quarter worth about $33,000. Davis Capital Management purchased a new position in shares of Omnicom Group in the 3rd quarter valued at about $36,000. Finally, Richardson Financial Services Inc. raised its position in shares of Omnicom Group by 66.3% during the 2nd quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock worth $50,000 after acquiring an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $101.08 on Friday. The stock’s 50-day moving average price is $101.36 and its 200 day moving average price is $95.91. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $19.72 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.95. Omnicom Group Inc. has a 52-week low of $74.41 and a 52-week high of $106.51.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. As a group, equities research analysts forecast that Omnicom Group Inc. will post 7.92 EPS for the current year.

Insider Transactions at Omnicom Group

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

Analysts Set New Price Targets

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

About Omnicom Group

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.