Elevated Capital Advisors LLC Purchases 945 Shares of Omnicom Group Inc. (NYSE:OMC)

Elevated Capital Advisors LLC grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 12.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 8,459 shares of the business services provider’s stock after acquiring an additional 945 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Omnicom Group were worth $875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC lifted its position in Omnicom Group by 2.7% in the third quarter. Private Advisor Group LLC now owns 12,563 shares of the business services provider’s stock worth $1,299,000 after buying an additional 325 shares during the last quarter. Eastern Bank bought a new stake in Omnicom Group in the third quarter worth $337,000. Signaturefd LLC lifted its position in Omnicom Group by 14.8% in the third quarter. Signaturefd LLC now owns 6,150 shares of the business services provider’s stock worth $636,000 after buying an additional 794 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in Omnicom Group by 4.0% in the third quarter. Foundations Investment Advisors LLC now owns 7,594 shares of the business services provider’s stock worth $785,000 after buying an additional 294 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Omnicom Group by 17.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock worth $66,000 after buying an additional 97 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Trading Up 0.3 %

Shares of NYSE:OMC opened at $101.30 on Wednesday. Omnicom Group Inc. has a 12-month low of $73.58 and a 12-month high of $106.51. The company has a market capitalization of $19.84 billion, a PE ratio of 13.65, a PEG ratio of 2.39 and a beta of 0.94. The business has a 50 day moving average of $100.62 and a two-hundred day moving average of $95.41. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates 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 37.51% and a net margin of 9.55%. During the same period in the previous year, the business earned $1.86 earnings per share. As a group, analysts forecast that Omnicom Group Inc. will post 7.88 EPS for the current year.

Insider Activity

In other news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OMC. Macquarie lifted their target price on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America lifted their target price on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. Wells Fargo & Company downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. Barclays lifted their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. raised their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.11.

About Omnicom Group

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.