Insider Selling: Omnicom Group Inc. (NYSE:OMC) CAO Sells 4,000 Shares of Stock

Omnicom Group Inc. (NYSE:OMC - Get Free Report) CAO Andrew Castellaneta sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now owns 23,545 shares of the company's stock, 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.

Omnicom Group Stock Performance

OMC stock traded down $2.58 on Tuesday, hitting $101.03. The company had a trading volume of 2,041,756 shares, compared to its average volume of 1,533,656. The stock has a market cap of $19.79 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 2.39 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The stock's 50-day simple moving average is $100.62 and its 200 day simple moving average is $95.41. Omnicom Group Inc. has a 12-month low of $73.58 and a 12-month high of $106.51.

Omnicom Group (NYSE:OMC - Get Free Report) last issued 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 return on equity of 37.51% and a net margin of 9.55%. The company 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 company posted $1.86 earnings per share. As a group, equities research analysts expect that Omnicom Group Inc. will post 7.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OMC. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Omnicom Group in the second quarter valued at about $33,000. Innealta Capital LLC bought a new stake in Omnicom Group during the 2nd quarter valued at approximately $33,000. Northwest Investment Counselors LLC purchased a new position in Omnicom Group in the 3rd quarter worth approximately $33,000. Davis Capital Management bought a new position in Omnicom Group in the 3rd quarter worth approximately $36,000. Finally, Richardson Financial Services Inc. grew its holdings in Omnicom Group by 66.3% during the 2nd quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider's stock valued at $50,000 after buying an additional 224 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

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.