Omnicom Group Inc. (NYSE:OMC) Shares Purchased by KCM Investment Advisors LLC

KCM Investment Advisors LLC boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,403 shares of the business services provider’s stock after acquiring an additional 2,737 shares during the quarter. KCM Investment Advisors LLC’s holdings in Omnicom Group were worth $2,420,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of OMC. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Omnicom Group in the second quarter valued at approximately $33,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group in the second quarter valued at $33,000. Northwest Investment Counselors LLC purchased a new position in Omnicom Group in the third quarter valued at $33,000. Davis Capital Management acquired a new position in Omnicom Group during the 3rd quarter worth $36,000. Finally, HM Payson & Co. increased its holdings in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Buying and Selling

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was 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 in the company, valued at $1,524,738.75. This trade represents a 16.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Andrew Castellaneta sold 4,000 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Stock Down 7.8 %

OMC opened at $96.86 on Friday. The business has a 50 day moving average price of $102.16 and a two-hundred day moving average price of $96.52. Omnicom Group Inc. has a 52 week low of $76.90 and a 52 week high of $107.00. The company has a market cap of $18.90 billion, a PE ratio of 13.23, a P/E/G ratio of 2.32 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

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

Analyst Ratings Changes

A number of research firms recently weighed in on OMC. Wells Fargo & Company lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. Macquarie raised their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. 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 research note on Wednesday, October 16th. UBS Group raised their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.