Research Analysts’ Recent Ratings Changes for Omnicom Group (OMC)

Several brokerages have updated their recommendations and price targets on shares of Omnicom Group (NYSE: OMC) in the last few weeks:

• 10/17/2024 – Omnicom Group had its price target raised by analysts at Barclays PLC from $110.00 to $121.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – Omnicom Group had its price target raised by analysts at JPMorgan Chase & Co. from $118.00 to $119.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – Omnicom Group had its price target raised by analysts at Macquarie from $110.00 to $120.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – Omnicom Group was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $110.00 price target on the stock, up previously from $106.00.
• 10/16/2024 – Omnicom Group had its price target raised by analysts at UBS Group AG from $120.00 to $124.00. They now have a “buy” rating on the stock.
• 10/1/2024 – Omnicom Group had its price target raised by analysts at JPMorgan Chase & Co. from $106.00 to $118.00. They now have an “overweight” rating on the stock.
• 9/5/2024 – Omnicom Group had its price target raised by analysts at Bank of America Co. from $87.00 to $89.00. They now have an “underperform” rating on the stock.

Omnicom Group Stock Down 0.3 %

NYSE OMC traded down $0.31 during midday trading on Wednesday, hitting $100.72. 1,536,746 shares of the company traded hands, compared to its average volume of 1,533,673. Omnicom Group Inc. has a 52 week low of $73.58 and a 52 week high of $106.51. The company’s 50-day simple moving average is $100.75 and its 200-day simple moving average is $95.44. The company has a market cap of $19.72 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data 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 net margin of 9.55% and a return on equity of 37.51%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the previous year, the business posted $1.86 EPS. As a group, equities research analysts forecast that Omnicom Group Inc. will post 7.88 earnings per share for the current year.

Insiders Place Their Bets

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Andrew Castellaneta sold 4,000 shares of the company’s 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 completion of the sale, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Omnicom Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Resonant Capital Advisors LLC grew its position in shares of Omnicom Group by 1.7% in the third quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock valued at $613,000 after purchasing an additional 97 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Omnicom Group by 17.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock worth $66,000 after acquiring an additional 97 shares during the last quarter. Iowa State Bank raised its stake in Omnicom Group by 0.4% in the 3rd quarter. Iowa State Bank now owns 24,447 shares of the business services provider’s stock valued at $2,528,000 after purchasing an additional 101 shares during the last quarter. Center For Asset Management LLC lifted its stake in Omnicom Group by 2.6% in the 2nd quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider’s stock worth $384,000 after purchasing an additional 107 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Omnicom Group by 1.1% in the 3rd quarter. Park Avenue Securities LLC now owns 10,151 shares of the business services provider’s stock worth $1,049,000 after acquiring an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

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.