Omnicom Group Inc. (NYSE:OMC) will post its Q316 quarterly earnings results on Tuesday, October 18th. Analysts expect Omnicom Group to post earnings of $1.03 per share and revenue of $3.80 billion for the quarter.

Earnings History for Omnicom Group (NYSE:OMC)

Omnicom Group Inc. (NYSE:OMC) opened at 82.07 on Friday. The firm has a market capitalization of $19.41 billion, a price-to-earnings ratio of 17.95 and a beta of 1.35. Omnicom Group Inc. has a 1-year low of $66.48 and a 1-year high of $87.50. The stock has a 50 day moving average price of $84.45 and a 200 day moving average price of $83.41.

In other Omnicom Group news, Director Linda Johnson Rice sold 824 shares of the business’s 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 transaction, the director now owns 30,440 shares in the company, valued at $2,573,702. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Capital Management LLC increased its position in shares of Omnicom Group by 24.5% in the second quarter. Janus Capital Management LLC now owns 3,371,376 shares of the company’s stock worth $274,733,000 after buying an additional 662,404 shares during the period. Mackenzie Financial Corp increased its position in shares of Omnicom Group by 11.6% in the second quarter. Mackenzie Financial Corp now owns 4,021,970 shares of the company’s stock worth $327,750,000 after buying an additional 417,049 shares during the period. FMR LLC increased its position in shares of Omnicom Group by 14.1% in the second quarter. FMR LLC now owns 2,682,547 shares of the company’s stock worth $218,601,000 after buying an additional 330,709 shares during the period. Nuveen Asset Management LLC increased its position in shares of Omnicom Group by 479.7% in the second quarter. Nuveen Asset Management LLC now owns 359,133 shares of the company’s stock worth $29,266,000 after buying an additional 297,178 shares during the period. Finally, American International Group Inc. increased its position in shares of Omnicom Group by 4.9% in the second quarter. American International Group Inc. now owns 5,373,920 shares of the company’s stock worth $437,921,000 after buying an additional 253,058 shares during the period. Hedge funds and other institutional investors own 97.04% of the company’s stock.

A number of analysts have recently commented on OMC shares. Zacks Investment Research downgraded Omnicom Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Albert Fried & Company reissued a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a research note on Thursday, July 14th. BMO Capital Markets reissued a “hold” rating and issued a $80.00 price objective on shares of Omnicom Group in a research note on Sunday, July 17th. Telsey Advisory Group boosted their price objective on Omnicom Group from $79.00 to $86.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 20th. Finally, Credit Suisse Group AG started coverage on Omnicom Group in a research note on Thursday, September 15th. They issued a “neutral” rating and a $83.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Omnicom Group presently has an average rating of “Hold” and an average target price of $82.64.

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.

5 Day Chart for NYSE:OMC

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