Omnicom Group Inc. (OMC) Shares Sold by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc reduced its position in Omnicom Group Inc. (NYSE:OMC) by 15.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the business services provider’s stock after selling 1,500 shares during the period. Yorktown Management & Research Co Inc’s holdings in Omnicom Group were worth $544,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OMC. Massachusetts Financial Services Co. MA raised its position in Omnicom Group by 2.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 17,805,272 shares of the business services provider’s stock valued at $1,358,007,000 after purchasing an additional 427,284 shares during the period. BlackRock Inc. raised its position in Omnicom Group by 0.7% during the second quarter. BlackRock Inc. now owns 14,936,191 shares of the business services provider’s stock valued at $1,139,184,000 after purchasing an additional 109,292 shares during the period. Longview Partners Guernsey LTD raised its position in Omnicom Group by 8.3% during the third quarter. Longview Partners Guernsey LTD now owns 6,970,601 shares of the business services provider’s stock valued at $474,140,000 after purchasing an additional 534,008 shares during the period. Schroder Investment Management Group raised its position in Omnicom Group by 9.4% during the second quarter. Schroder Investment Management Group now owns 3,559,905 shares of the business services provider’s stock valued at $271,657,000 after purchasing an additional 307,241 shares during the period. Finally, Northern Trust Corp raised its position in Omnicom Group by 1.7% during the second quarter. Northern Trust Corp now owns 3,386,113 shares of the business services provider’s stock valued at $258,259,000 after purchasing an additional 56,688 shares during the period.

OMC opened at $76.71 on Friday. Omnicom Group Inc. has a one year low of $65.85 and a one year high of $83.34. The company has a market cap of $17.07 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 2.09 and a beta of 0.77. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 1.48.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 16th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.03. Omnicom Group had a return on equity of 41.70% and a net margin of 7.68%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. Omnicom Group’s revenue was down .1% compared to the same quarter last year. As a group, equities research analysts predict that Omnicom Group Inc. will post 5.63 earnings per share for the current year.

A number of equities research analysts have issued reports on OMC shares. Barclays downgraded Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 price objective on the stock. in a research report on Friday, September 28th. ValuEngine upgraded Omnicom Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Pivotal Research upped their price objective on Omnicom Group from $65.00 to $66.00 and gave the company a “hold” rating in a research report on Tuesday, October 16th. Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Citigroup upped their target price on Omnicom Group from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, October 24th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Omnicom Group presently has an average rating of “Hold” and a consensus target price of $75.40.

In related news, Director Linda Johnson Rice sold 533 shares of the stock in a transaction that occurred on Thursday, October 18th. The stock was sold at an average price of $76.28, for a total value of $40,657.24. Following the transaction, the director now owns 8,027 shares of the company’s stock, valued at $612,299.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jonathan B. Nelson sold 13,000 shares of the stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $77.38, for a total value of $1,005,940.00. Following the completion of the transaction, the chief executive officer now directly owns 58,569 shares in the company, valued at approximately $4,532,069.22. The disclosure for this sale can be found here. In the last three months, insiders sold 14,233 shares of company stock worth $1,098,528. 1.20% of the stock is owned by insiders.

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Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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