Omnicom Group Inc. (NYSE:OMC) Director Leonard S. Coleman, Jr. sold 986 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $87.74, for a total value of $86,511.64. Following the completion of the sale, the director now owns 26,829 shares in the company, valued at approximately $2,353,976.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Omnicom Group Inc. (NYSE:OMC) opened at 88.34 on Wednesday. Omnicom Group Inc. has a 52 week low of $66.48 and a 52 week high of $88.79. The stock has a market capitalization of $20.84 billion, a P/E ratio of 18.94 and a beta of 1.25. The stock has a 50 day moving average price of $82.24 and a 200 day moving average price of $83.07.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. Omnicom Group had a net margin of 7.32% and a return on equity of 39.38%. The company earned $3.79 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the business earned $0.97 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts expect that Omnicom Group Inc. will post $4.75 EPS for the current year.

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A number of equities research analysts have commented on the company. RBC Capital Markets assumed coverage on Omnicom Group in a research report on Thursday, October 6th. They issued a “sector perform” rating and a $87.00 price target on the stock. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th. Pivotal Research upped their target price on Omnicom Group from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, October 17th. Royal Bank Of Canada assumed coverage on Omnicom Group in a research report on Friday, October 7th. They set a “sector perform” rating and a $87.00 target price on the stock. Finally, Credit Suisse Group AG assumed coverage on Omnicom Group in a research report on Thursday, September 15th. They set a “neutral” rating and a $83.00 target price on the stock. Thirteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $83.86.

A number of institutional investors have recently made changes to their positions in OMC. City Holding Co. raised its position in shares of Omnicom Group by 0.4% in the third quarter. City Holding Co. now owns 1,949 shares of the company’s stock worth $166,000 after buying an additional 7 shares during the last quarter. Dowling & Yahnke LLC raised its stake in shares of Omnicom Group by 0.3% in the third quarter. Dowling & Yahnke LLC now owns 4,256 shares of the company’s stock worth $362,000 after buying an additional 13 shares in the last quarter. New York Life Trust Co. raised its stake in shares of Omnicom Group by 1.1% in the third quarter. New York Life Trust Co. now owns 1,333 shares of the company’s stock worth $113,000 after buying an additional 15 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Omnicom Group by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,520 shares of the company’s stock worth $639,000 after buying an additional 20 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in shares of Omnicom Group by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 3,230 shares of the company’s stock worth $263,000 after buying an additional 31 shares in the last quarter. Institutional investors own 95.24% of the company’s stock.

Omnicom Group Company Profile

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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