Centennial Wealth Advisory LLC Has $458,000 Position in Omnicom Group Inc. (NYSE:OMC)

Centennial Wealth Advisory LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,433 shares of the business services provider’s stock after purchasing an additional 267 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Omnicom Group were worth $458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OMC. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Omnicom Group during the second quarter worth approximately $33,000. Innealta Capital LLC bought a new stake in Omnicom Group in the second quarter valued at $33,000. Northwest Investment Counselors LLC bought a new stake in Omnicom Group in the third quarter valued at $33,000. Davis Capital Management bought a new stake in Omnicom Group in the third quarter valued at $36,000. Finally, HM Payson & Co. grew its position in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Omnicom Group news, 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 transaction of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction dated 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. This represents 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 this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the sale, the vice president now directly 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of analyst reports. UBS Group upped their price target on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays boosted their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. upped 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. Wells Fargo & Company lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $106.00 to $110.00 in a research note on Wednesday, October 16th. Finally, Bank of America increased their target price 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.11.

Omnicom Group Price Performance

Omnicom Group stock traded up $2.59 during mid-day trading on Wednesday, reaching $105.77. 76,753 shares of the company were exchanged, compared to its average volume of 1,514,747. Omnicom Group Inc. has a 12 month low of $74.41 and a 12 month high of $107.00. The company has a fifty day simple moving average of $101.50 and a 200-day simple moving average of $96.08. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The firm has a market cap of $20.64 billion, a PE ratio of 14.10, a PEG ratio of 2.27 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the company posted $1.86 EPS. As a group, equities research analysts expect that Omnicom Group Inc. will post 7.92 earnings per share for the current fiscal year.

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.