Omnicom Group Inc. (NYSE:OMC) Shares Sold by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 15.5% during the 3rd quarter, Holdings Channel reports. The firm owned 1,903 shares of the business services provider’s stock after selling 348 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Omnicom Group were worth $197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Trust Walden Corp boosted its position in Omnicom Group by 8.2% in the 2nd quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock valued at $16,723,000 after buying an additional 14,153 shares during the period. Central Pacific Bank Trust Division grew its stake in Omnicom Group by 16.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock worth $295,000 after purchasing an additional 401 shares in the last quarter. SG Americas Securities LLC increased its holdings in Omnicom Group by 37.0% during the 2nd quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider’s stock worth $5,784,000 after purchasing an additional 17,414 shares during the period. CANADA LIFE ASSURANCE Co raised its position in Omnicom Group by 2.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 238,274 shares of the business services provider’s stock valued at $23,079,000 after purchasing an additional 5,615 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Omnicom Group by 197.4% in the 1st quarter. Cetera Investment Advisers now owns 127,515 shares of the business services provider’s stock valued at $12,338,000 after buying an additional 84,632 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 1.8 %

OMC opened at $105.06 on Thursday. The stock has a market capitalization of $20.50 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 2.29 and a beta of 0.95. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. Omnicom Group Inc. has a one year low of $74.41 and a one year high of $107.00. The business’s 50-day simple moving average is $101.63 and its 200-day simple moving average is $96.14.

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. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter in the previous year, the company posted $1.86 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current year.

Analyst Ratings Changes

OMC has been the topic of several analyst reports. Macquarie raised their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. UBS Group lifted their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company cut Omnicom Group from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $106.00 to $110.00 in a research note on Wednesday, October 16th. Finally, Bank of America upped their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.11.

Insider Activity

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the 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 completion of the sale, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at $2,479,053.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

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.