BKM Wealth Management LLC Acquires New Holdings in Omnicom Group Inc. (NYSE:OMC)

BKM Wealth Management LLC acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,782 shares of the business services provider’s stock, valued at approximately $1,322,000.

Other hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Omnicom Group during the 3rd quarter worth $33,000. Davis Capital Management bought a new position in Omnicom Group in the third quarter worth about $36,000. Innealta Capital LLC purchased a new stake in shares of Omnicom Group during the second quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Omnicom Group in the 2nd quarter valued at about $33,000. Finally, Richardson Financial Services Inc. grew its position in shares of Omnicom Group by 66.3% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction 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 transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at $2,479,053.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on OMC. Macquarie increased their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays increased their price objective on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Wells Fargo & Company downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $106.00 to $110.00 in a research note on Wednesday, October 16th. 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. Finally, JPMorgan Chase & Co. boosted their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $110.11.

Omnicom Group Stock Up 0.1 %

Shares of OMC opened at $100.52 on Friday. The company’s 50-day moving average price is $100.83 and its 200 day moving average price is $95.48. Omnicom Group Inc. has a 12-month low of $73.58 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 firm has a market cap of $19.69 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping 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 return on equity of 37.51% and a net margin of 9.55%. During the same quarter in the prior year, the company earned $1.86 EPS. On average, sell-side analysts forecast that Omnicom Group Inc. will post 7.88 earnings per share for the current 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.