Boston Trust Walden Corp Sells 20,488 Shares of Omnicom Group Inc. (NYSE:OMC)

Boston Trust Walden Corp lessened its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 11.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,943 shares of the business services provider's stock after selling 20,488 shares during the period. Boston Trust Walden Corp owned approximately 0.08% of Omnicom Group worth $17,157,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OMC. Boston Partners grew its stake in Omnicom Group by 11.0% in the 1st quarter. Boston Partners now owns 3,874,857 shares of the business services provider's stock valued at $374,795,000 after purchasing an additional 383,560 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Omnicom Group by 37.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider's stock worth $296,717,000 after buying an additional 892,494 shares during the last quarter. Lazard Asset Management LLC grew its position in Omnicom Group by 6.3% during the first quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider's stock valued at $269,734,000 after buying an additional 165,136 shares during the period. Cooke & Bieler LP increased its holdings in Omnicom Group by 4.8% during the second quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider's stock worth $215,249,000 after buying an additional 109,406 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Omnicom Group by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider's stock worth $205,682,000 after acquiring an additional 364,665 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

Shares of OMC traded up $0.06 during midday trading on Friday, hitting $100.52. 1,081,677 shares of the company traded hands, compared to its average volume of 1,529,610. The stock has a 50-day moving average of $100.91 and a 200-day moving average of $95.54. 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 Inc. has a one year low of $73.58 and a one year high of $106.51. The firm has a market cap of $19.69 billion, a P/E ratio of 13.58, a PEG ratio of 2.39 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to analysts' expectations of $3.79 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. During the same period in the prior year, the company posted $1.86 EPS. As a group, sell-side analysts predict that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on OMC. Macquarie increased their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective 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 lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $106.00 to $110.00 in a research note on Wednesday, October 16th. Bank of America increased their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a research note on Thursday, September 5th. Finally, UBS Group boosted their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $110.11.

Insider Activity at Omnicom Group

In other 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Andrew Castellaneta sold 4,000 shares of the firm's stock in a transaction on Friday, October 18th. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares of the company's stock, valued at $1,524,738.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.