Community Bank N.A. Decreases Position in Omnicom Group Inc. (NYSE:OMC)

Community Bank N.A. trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,387 shares of the business services provider’s stock after selling 175 shares during the period. Community Bank N.A.’s holdings in Omnicom Group were worth $4,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Atria Investments Inc grew its holdings in Omnicom Group by 19.8% during the 1st quarter. Atria Investments Inc now owns 17,580 shares of the business services provider’s stock valued at $1,701,000 after buying an additional 2,909 shares in the last quarter. Cetera Investment Advisers lifted its stake in Omnicom Group by 197.4% in the 1st quarter. Cetera Investment Advisers now owns 127,515 shares of the business services provider’s stock worth $12,338,000 after purchasing an additional 84,632 shares in the last quarter. Cetera Advisors LLC lifted its stake in Omnicom Group by 420.6% in the 1st quarter. Cetera Advisors LLC now owns 24,463 shares of the business services provider’s stock worth $2,367,000 after purchasing an additional 19,764 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Omnicom Group by 8.5% during the 2nd quarter. GAMMA Investing LLC now owns 4,662 shares of the business services provider’s stock valued at $418,000 after purchasing an additional 364 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Omnicom Group by 18.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock worth $70,000 after purchasing an additional 119 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OMC has been the subject of several recent analyst reports. Wells Fargo & Company cut 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 report on Wednesday, October 16th. Macquarie upped their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays lifted their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. UBS Group increased their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Bank of America upped their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.11.

Omnicom Group Stock Performance

NYSE OMC opened at $104.82 on Monday. The firm has a market cap of $20.45 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 2.35 and a beta of 0.95. The company 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 12-month low of $79.68 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly 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. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the company earned $1.86 EPS. On average, equities analysts forecast that Omnicom Group Inc. will post 7.94 EPS for the current year.

Insider Activity at Omnicom Group

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were 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 in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently 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.