November 28, 2016 - By Vivian Park
Leonard Coleman, an insider and also director of the famous company Omnicom Group Inc made transaction. He made a sale of 986 shares of the company with the insider transaction having a market value near $86,507 USD – which is calculated based on a stock price of $87.7 for share. Presently, he has in hand 25,843 shares or roughly 0.01% of the company’s market capitalization.
Out of 8 analysts covering Omnicom (NYSE:OMC), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. $90 is the highest target while $69 is the lowest. The $86.67 average target is -1.86% below today’s ($88.31) stock price. Omnicom has been the topic of 11 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Pivotal Research maintained Omnicom Group Inc. (NYSE:OMC) rating on Monday, October 17. Pivotal Research has “Hold” rating and $86 price target. RBC Capital Markets initiated Omnicom Group Inc. (NYSE:OMC) rating on Friday, October 7. RBC Capital Markets has “Sector Perform” rating and $87 price target. On Wednesday, April 20 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. JP Morgan maintained the stock with “Overweight” rating in Monday, March 21 report. Telsey Advisory Group maintained Omnicom Group Inc. (NYSE:OMC) rating on Wednesday, July 20. Telsey Advisory Group has “Market Perform” rating and $86 price target. The firm has “Market Perform” rating given on Thursday, April 14 by Wells Fargo. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Buy” rating by Zacks on Tuesday, August 25. The rating was upgraded by Argus Research to “Buy” on Thursday, July 23. As per Friday, October 16, the company rating was upgraded by Pivotal Research. Credit Suisse initiated the stock with “Neutral” rating in Thursday, September 15 report.
Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.11, from 0.92 in 2016Q1. The ratio improved, as 51 funds sold all Omnicom Group Inc. shares owned while 238 reduced positions. 58 funds bought stakes while 209 increased positions. They now own 225.02 million shares or 3.73% less from 233.74 million shares in 2016Q1.
U S Global Investors accumulated 5,839 shares or 0.26% of the stock. Institutional Cap Lc reported 998,533 shares or 1% of all its holdings. Gsa Capital Partners Ltd Liability Partnership reported 20,460 shares or 0.09% of all its holdings. Amica Pension Fund Board Of Trustees holds 9,507 shares or 0.1% of its portfolio. The Netherlands-based Apg Asset Nv has invested 0.01% in Omnicom Group Inc. (NYSE:OMC). Lenox Wealth Advsrs Incorporated last reported 260 shares in the company. Tdam Usa holds 0.07% or 18,381 shares in its portfolio. Fisher Asset Management Limited Liability owns 116,923 shares or 0.02% of their US portfolio. Chilton Management Limited Liability Corp accumulated 0.06% or 7,572 shares. First Allied Advisory Services has invested 0.11% of its portfolio in Omnicom Group Inc. (NYSE:OMC). M&T Bank & Trust reported 285,380 shares or 0.16% of all its holdings. Cna Financial Corporation has invested 0.48% of its portfolio in Omnicom Group Inc. (NYSE:OMC). The Colorado-based Public Employees Retirement Association Of Colorado has invested 0.03% in Omnicom Group Inc. (NYSE:OMC). Ronna Sue Cohen holds 2.6% or 42,770 shares in its portfolio. Van Strum And Towne Inc, a California-based fund reported 52,211 shares.
Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 4 insider sales for $2.09 million net activity. Shares for $79,570 were sold by Hewitt Dennis E. on Thursday, October 20. RICE LINDA JOHNSON sold 184 shares worth $14,818. The insider CRAWFORD BRUCE sold $1.92 million.
About 1.21M shares traded hands. Omnicom Group Inc. (NYSE:OMC) has risen 5.93% since April 25, 2016 and is uptrending. It has underperformed by 0.09% the S&P500.
Omnicom Group Inc. is a holding company. The company has a market cap of $20.98 billion. The Firm provides advertising, marketing and corporate communications services. It has a 18.71 P/E ratio. 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 , public relations and specialty communications.
According to Zacks Investment Research, “Omnicom Group Inc. provides corporate communications services to clients worldwide on a global, pan-regional, national and local basis. The corporate communications services offered by the company include advertising in various media such as television, radio, newspaper, magazines, outdoor and the internet, as well as public relations, specialty advertising, direct response and promotional marketing, strategic media planning and buying, and internet and digital media development.”
Analysts await Omnicom Group Inc. (NYSE:OMC) to report earnings on February, 14. They expect $1.46 EPS, up 8.15% or $0.11 from last year’s $1.35 per share. OMC’s profit will be $346.86 million for 15.12 P/E if the $1.46 EPS becomes a reality. After $1.06 actual EPS reported by Omnicom Group Inc. for the previous quarter, Wall Street now forecasts 37.74% EPS growth.
More important recent Omnicom Group Inc. (NYSE:OMC) news were published by: Forbes.com which released: “Omnicom Group Reaches Analyst Target Price” on November 18, 2016, also Forbes.com published article titled: “The New #5 Most Shorted S&P 500 Component: Omnicom Group”, Fool.com published: “AT&T Inc. Seals Huge Advertising Deal With Omnicom Group Inc.” on August 20, 2016. More interesting news about Omnicom Group Inc. (NYSE:OMC) was released by: Fool.com and their article: “Omnicom Group Inc. Weathers a Tough Market” with publication date: July 18, 2016.
Omnicom Group Inc., incorporated on November 17, 1944, is a holding company. The Firm 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. The Firm caters to various industry sectors, such as food and beverage, consumer products, pharmaceuticals and healthcare, financial services, technology, travel and entertainment, telecommunications and retail.
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By Vivian Park