Omnicom Group Inc. (NYSE:OMC) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC cut its position in shares of Omnicom Group Inc. (NYSE:OMC) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,519 shares of the business services provider’s stock after selling 675 shares during the quarter. Acropolis Investment Management LLC’s holdings in Omnicom Group were worth $2,018,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group during the third quarter worth about $33,000. Davis Capital Management bought a new stake in shares of Omnicom Group during the third quarter valued at approximately $36,000. Innealta Capital LLC acquired a new position in shares of Omnicom Group during the second quarter worth approximately $33,000. HM Payson & Co. grew its holdings in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Omnicom Group during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $104.82 on Friday. The firm has a market cap of $20.45 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 2.34 and a beta of 0.95. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 1 year low of $79.68 and a 1 year high of $107.00. The business has a fifty day simple moving average of $102.47 and a 200 day simple moving average of $97.07.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.01. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter last year, the firm earned $1.86 earnings per share. As a group, sell-side analysts predict that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Andrew Castellaneta sold 4,000 shares of the business’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 value of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group increased their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Bank of America increased their price target on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Macquarie boosted their price objective on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus target price of $110.11.

Omnicom Group Company 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.