Adams Diversified Equity Fund Inc. Acquires New Position in Omnicom Group Inc. (NYSE:OMC)

Adams Diversified Equity Fund Inc. bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 106,600 shares of the business services provider's stock, valued at approximately $11,021,000. Adams Diversified Equity Fund Inc. owned approximately 0.05% of Omnicom Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Omnicom Group during the second quarter worth $33,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group during the second quarter worth $33,000. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group during the third quarter worth $33,000. Davis Capital Management acquired a new stake in shares of Omnicom Group during the third quarter worth $36,000. Finally, Richardson Financial Services Inc. lifted its stake in shares of Omnicom Group by 66.3% during the second quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider's stock worth $50,000 after buying an additional 224 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction 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 transaction, the vice president now owns 15,375 shares of the company's stock, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Andrew Castellaneta sold 4,000 shares of the company's stock in a transaction dated Friday, October 18th. The shares were 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 in the company, valued at $2,479,053.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the transaction, the vice president now owns 15,375 shares of the company's stock, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Stock Performance

OMC traded up $0.67 on Wednesday, reaching $102.37. The stock had a trading volume of 1,373,427 shares, compared to its average volume of 1,528,618. Omnicom Group Inc. has a 12-month low of $73.68 and a 12-month high of $106.51. 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 business's 50-day moving average price is $101.23 and its two-hundred day moving average price is $95.76. The company has a market cap of $19.97 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.01. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The company had revenue of $3.88 billion during the quarter, compared to analysts' expectations of $3.79 billion. During the same quarter in the previous year, the company earned $1.86 earnings per share. Sell-side analysts forecast that Omnicom Group Inc. will post 7.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

OMC has been the subject of several research reports. Wells Fargo & Company downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and lifted their price objective for the stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price objective 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. Barclays lifted their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Bank of America lifted their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a research note on Thursday, September 5th. Finally, Macquarie raised their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $110.11.

Omnicom Group Profile

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.