HBW Advisory Services LLC Sells 8,661 Shares of Omnicom Group Inc. $OMC

HBW Advisory Services LLC cut its position in Omnicom Group Inc. (NYSE:OMC) by 24.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 26,411 shares of the business services provider’s stock after selling 8,661 shares during the period. HBW Advisory Services LLC’s holdings in Omnicom Group were worth $1,945,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Orca Investment Management LLC acquired a new position in Omnicom Group in the 2nd quarter valued at about $2,023,000. Oppenheimer Asset Management Inc. purchased a new stake in Omnicom Group during the second quarter worth about $9,146,000. Polianta Ltd purchased a new stake in Omnicom Group during the second quarter worth about $1,762,000. NewEdge Advisors LLC lifted its position in shares of Omnicom Group by 27.8% during the first quarter. NewEdge Advisors LLC now owns 57,040 shares of the business services provider’s stock worth $4,296,000 after purchasing an additional 12,425 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of Omnicom Group during the second quarter worth about $92,660,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.2%

OMC opened at $78.30 on Thursday. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $89.57. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.66 and a beta of 0.68. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. The business has a fifty day moving average price of $81.07 and a 200 day moving average price of $78.25.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). The company had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%. Omnicom Group’s revenue for the quarter was up 63.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 EPS. Sell-side analysts expect that Omnicom Group Inc. will post 10.50 earnings per share for the current fiscal year.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Rice sold 1,385 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $88.73, for a total transaction of $122,891.05. Following the sale, the director directly owned 11,719 shares in the company, valued at approximately $1,039,826.87. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on OMC shares. Weiss Ratings upgraded shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Wells Fargo & Company upped their target price on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Barclays reduced their target price on shares of Omnicom Group from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, October 9th. Citigroup decreased their price target on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Argus raised shares of Omnicom Group to a “hold” rating in a research report on Monday, September 14th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $98.75.

Omnicom Group Company Profile

Omnicom Group Inc is a global marketing and communications company that provides advertising, media, branding, public relations, customer relationship management and specialty marketing services. Through its network of agencies and specialized businesses, the company helps clients develop brands, engage customers and execute integrated marketing campaigns across traditional and digital channels.

Omnicom’s services include creative advertising, strategic media planning and buying, digital marketing, data and precision marketing, public relations, healthcare communications, experiential marketing, commerce and consulting.