UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,541 Shares of Omnicom Group Inc. (NYSE:OMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Omnicom Group Inc. (NYSE:OMC) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,227,661 shares of the business services provider’s stock after selling 13,541 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Omnicom Group were worth $126,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

OMC has been the subject of several analyst reports. Wells Fargo & Company lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. Bank of America upped their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. UBS Group boosted their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. 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 research note on Wednesday, October 16th. Finally, Barclays upped their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.11.

Insider Buying and Selling

In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated 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 transaction, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Omnicom Group Stock Up 0.5 %

OMC opened at $104.82 on Monday. The company has a market capitalization of $20.45 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 2.35 and a beta of 0.95. The firm has a 50-day simple moving average of $102.47 and a two-hundred day simple moving average of $97.07. 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 Inc. has a 52 week low of $79.68 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results 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 business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter last year, the business posted $1.86 EPS. Analysts forecast that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

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.