Impact Partnership Wealth LLC Has $652,000 Stock Position in Omnicom Group Inc. (NYSE:OMC)

Impact Partnership Wealth LLC grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,311 shares of the business services provider’s stock after acquiring an additional 718 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Omnicom Group were worth $652,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Park Avenue Securities LLC grew its position in shares of Omnicom Group by 3.2% during the 1st quarter. Park Avenue Securities LLC now owns 6,578 shares of the business services provider’s stock worth $637,000 after purchasing an additional 206 shares in the last quarter. Chesley Taft & Associates LLC grew its position in Omnicom Group by 35.0% during the first quarter. Chesley Taft & Associates LLC now owns 19,500 shares of the business services provider’s stock worth $1,887,000 after buying an additional 5,060 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Omnicom Group during the 1st quarter worth $2,990,000. Occidental Asset Management LLC raised its holdings in Omnicom Group by 70.8% in the 1st quarter. Occidental Asset Management LLC now owns 23,579 shares of the business services provider’s stock valued at $2,282,000 after acquiring an additional 9,777 shares in the last quarter. Finally, Diversified Trust Co lifted its position in shares of Omnicom Group by 17.2% during the 1st quarter. Diversified Trust Co now owns 39,239 shares of the business services provider’s stock valued at $3,797,000 after acquiring an additional 5,747 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of OMC traded down $0.07 during trading hours on Thursday, reaching $100.65. The stock had a trading volume of 31,495 shares, compared to its average volume of 1,526,381. The stock has a market capitalization of $19.71 billion, a PE ratio of 13.61, a PEG ratio of 2.39 and a beta of 0.94. Omnicom Group Inc. has a 12 month low of $73.58 and a 12 month high of $106.51. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The company’s 50-day moving average is $100.75 and its two-hundred day moving average is $95.44.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $1.86 earnings per share. Research analysts expect that Omnicom Group Inc. will post 7.88 EPS for the current year.

Wall Street Analyst Weigh In

OMC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. Macquarie boosted their price objective 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 upped their target price on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Bank of America lifted 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. 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.11.

Insider Activity at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were 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 represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction on Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of 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. 1.30% of the stock is owned by company insiders.

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.