Forsta AP Fonden Boosts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Forsta AP Fonden boosted its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,000 shares of the business services provider's stock after acquiring an additional 7,000 shares during the period. Forsta AP Fonden's holdings in Omnicom Group were worth $8,478,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in Omnicom Group by 38.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,296 shares of the business services provider's stock worth $1,983,000 after purchasing an additional 5,325 shares in the last quarter. BKM Wealth Management LLC bought a new position in Omnicom Group in the 3rd quarter worth about $1,322,000. Shayne & Jacobs LLC boosted its stake in Omnicom Group by 0.9% in the 3rd quarter. Shayne & Jacobs LLC now owns 33,331 shares of the business services provider's stock worth $3,446,000 after purchasing an additional 300 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its stake in Omnicom Group by 8.1% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 5,255 shares of the business services provider's stock worth $543,000 after purchasing an additional 392 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its stake in Omnicom Group by 4.5% in the 3rd quarter. Tectonic Advisors LLC now owns 4,861 shares of the business services provider's stock worth $503,000 after purchasing an additional 211 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Insider Activity

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

Analyst Ratings Changes

A number of brokerages recently issued reports on OMC. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. UBS Group boosted their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research 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 stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. Barclays boosted their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Finally, Macquarie boosted their target price on Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $110.11.

Omnicom Group Stock Performance

Shares of NYSE OMC traded up $1.98 during midday trading on Monday, hitting $102.50. 1,611,685 shares of the company's stock traded hands, compared to its average volume of 1,530,177. Omnicom Group Inc. has a 1 year low of $73.58 and a 1 year high of $106.51. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 13.85, 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 quick ratio of 0.81 and a current ratio of 0.93. The firm has a fifty day moving average of $101.02 and a 200 day moving average of $95.64.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating 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 prior year, the firm earned $1.86 EPS. On average, analysts forecast that Omnicom Group Inc. will post 7.88 earnings per share for the current year.

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.