Price Wealth Management Inc. raised its position in shares of Omnicom Group (NYSE:OMC) by 11,002.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,438 shares of the business services provider’s stock after acquiring an additional 8,362 shares during the period. Price Wealth Management Inc.’s holdings in Omnicom Group were worth $613,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of OMC. SeaCrest Wealth Management LLC bought a new stake in shares of Omnicom Group during the fourth quarter worth approximately $104,000. MUFG Americas Holdings Corp boosted its stake in shares of Omnicom Group by 123.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock valued at $112,000 after buying an additional 847 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $199,000. Oppenheimer & Co. Inc. bought a new stake in shares of Omnicom Group in the first quarter valued at approximately $216,000. Finally, Lourd Capital LLC bought a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $220,000.
OMC has been the subject of several recent analyst reports. Zacks Investment Research cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, March 26th. Wells Fargo restated a “hold” rating and set a $80.00 target price on shares of Omnicom Group in a research note on Friday, February 16th. BMO Capital Markets upgraded Omnicom Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $80.00 to $90.00 in a research note on Friday, February 16th. They noted that the move was a valuation call. Pivotal Research cut their target price on Omnicom Group from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Tuesday, April 3rd. Finally, Royal Bank of Canada cut Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 target price for the company. in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. Omnicom Group presently has a consensus rating of “Hold” and a consensus price target of $81.36.
Shares of Omnicom Group traded up $0.60, hitting $74.90, during trading on Friday, Marketbeat.com reports. 26,524 shares of the company were exchanged, compared to its average volume of 2,356,643. The company has a market capitalization of $17.00 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.15. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.81 and a current ratio of 0.91. Omnicom Group has a 1-year low of $74.50 and a 1-year high of $75.82.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 17th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.08. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. Omnicom Group had a net margin of 7.25% and a return on equity of 39.97%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.02 earnings per share. equities analysts forecast that Omnicom Group will post 5.65 EPS for the current fiscal year.
Omnicom Group Company Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.
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