Omnicom Group Inc. (NYSE:OMC) Director Leonard S. Coleman, Jr. sold 986 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $87.74, for a total transaction of $86,511.64. Following the sale, the director now owns 26,829 shares of the company’s stock, valued at $2,353,976.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Omnicom Group Inc. (NYSE:OMC) opened at 88.34 on Wednesday. Omnicom Group Inc. has a 12-month low of $66.48 and a 12-month high of $88.79. The firm’s 50 day moving average is $82.24 and its 200 day moving average is $83.07. The company has a market cap of $20.84 billion, a P/E ratio of 18.94 and a beta of 1.25.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 18th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.03. Omnicom Group had a net margin of 7.32% and a return on equity of 39.38%. The business had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Omnicom Group Inc. will post $4.75 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Leonard S. Coleman, Jr. Sells 986 Shares of Omnicom Group Inc. (OMC) Stock” was originally posted by Financial Market News and is the sole property of of Financial Market News. If you are accessing this report on another website, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this report can be accessed at http://www.financial-market-news.com/leonard-s-coleman-jr-sells-986-shares-of-omnicom-group-inc-omc-stock/1210080/.

Hedge funds have recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. raised its stake in shares of Omnicom Group by 27.0% in the third quarter. Independent Portfolio Consultants Inc. now owns 1,200 shares of the company’s stock valued at $102,000 after buying an additional 255 shares during the period. New York Life Trust Co. raised its stake in shares of Omnicom Group by 1.1% in the third quarter. New York Life Trust Co. now owns 1,333 shares of the company’s stock valued at $113,000 after buying an additional 15 shares during the period. Global X Management Co. LLC raised its stake in shares of Omnicom Group by 129.1% in the third quarter. Global X Management Co. LLC now owns 1,361 shares of the company’s stock valued at $116,000 after buying an additional 767 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Omnicom Group during the third quarter valued at about $122,000. Finally, Trust Department MB Financial Bank N A raised its stake in shares of Omnicom Group by 6.0% in the second quarter. Trust Department MB Financial Bank N A now owns 1,768 shares of the company’s stock valued at $123,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 95.24% of the company’s stock.

A number of brokerages have weighed in on OMC. Zacks Investment Research lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Pivotal Research boosted their target price on shares of Omnicom Group from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, October 17th. RBC Capital Markets reiterated a “hold” rating and set a $87.00 target price on shares of Omnicom Group in a research note on Sunday, October 9th. Royal Bank Of Canada began coverage on shares of Omnicom Group in a research note on Friday, October 7th. They set a “sector perform” rating and a $87.00 target price for the company. Finally, Credit Suisse Group AG began coverage on shares of Omnicom Group in a research note on Thursday, September 15th. They set a “neutral” rating and a $83.00 target price for the company. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $83.86.

About Omnicom Group

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

5 Day Chart for NYSE:OMC

Receive News & Ratings for Omnicom Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.