The stock of Omnicom Group Inc. (NYSE:OMC) hit a new 52-week high and has $92.86 target or 6.00% above today’s $87.60 share price. The 6 months bullish chart indicates low risk for the $21.03 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $92.86 price target is reached, the company will be worth $1.26 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 612,165 shares traded hands. Omnicom Group Inc. (NYSE:OMC) has risen 3.51% since April 20, 2016 and is uptrending. It has underperformed by 1.04% the S&P500.
Omnicom Group Inc. (NYSE:OMC) Ratings Coverage
Out of 8 analysts covering Omnicom (NYSE:OMC), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Omnicom has been the topic of 11 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Equal-Weight” rating by Barclays Capital on Wednesday, April 20. JP Morgan maintained the stock with “Overweight” rating in Monday, March 21 report. Pivotal Research maintained it with “Hold” rating and $86 target price in Monday, October 17 report. Pivotal Research upgraded the shares of OMC in a report on Friday, October 16 to “Hold” rating. As per Thursday, September 15, the company rating was initiated by Credit Suisse. Argus Research upgraded Omnicom Group Inc. (NYSE:OMC) rating on Thursday, July 23. Argus Research has “Buy” rating and $82 price target. The stock of Omnicom Group Inc. (NYSE:OMC) has “Buy” rating given on Tuesday, August 25 by Zacks. The firm has “Market Perform” rating by Wells Fargo given on Thursday, April 14. On Wednesday, July 20 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The company was initiated on Friday, October 7 by RBC Capital Markets.
According to Zacks Investment Research, “Omnicom Group Inc. provides corporate communications services to clients worldwide on a global, pan-regional, national and local basis. The corporate communications services offered by the company include advertising in various media such as television, radio, newspaper, magazines, outdoor and the internet, as well as public relations, specialty advertising, direct response and promotional marketing, strategic media planning and buying, and internet and digital media development.”
Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.11, from 0.92 in 2016Q1. The ratio is positive, as 51 funds sold all Omnicom Group Inc. shares owned while 238 reduced positions. 58 funds bought stakes while 209 increased positions. They now own 225.02 million shares or 3.73% less from 233.74 million shares in 2016Q1.
Agf Invs America last reported 38,866 shares in the company. The North Carolina-based High Point Financial Bank has invested 0.01% in Omnicom Group Inc. (NYSE:OMC). Charter Trust last reported 0.06% of its portfolio in the stock. Deutsche Bank Ag accumulated 0.05% or 865,231 shares. Evanston Inc Dba Evanston Advsr, a Illinois-based fund reported 78,427 shares. The Massachusetts-based Srb Corporation has invested 0.02% in Omnicom Group Inc. (NYSE:OMC). Profund Advsr Ltd accumulated 0.03% or 7,360 shares. 1832 Asset Mgmt Ltd Partnership has invested 0.27% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Cooke & Bieler Limited Partnership holds 2.58% or 1.42M shares in its portfolio. Tradewinds Cap Mgmt Limited Liability Com accumulated 0% or 46 shares. Grp Incorporated last reported 5.37M shares in the company. United Cap Financial Advisers Ltd Limited Liability Company last reported 9,509 shares in the company. Aperio Ltd Liability Corporation holds 0.1% of its portfolio in Omnicom Group Inc. (NYSE:OMC) for 159,161 shares. State Of Alaska Department Of Revenue owns 9,060 shares or 0.08% of their US portfolio. Nordea Investment Mgmt accumulated 0.15% or 624,767 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 4 selling transactions for $2.09 million net activity. $1.92 million worth of Omnicom Group Inc. (NYSE:OMC) shares were sold by CRAWFORD BRUCE. 35,104 Omnicom Group Inc. (NYSE:OMC) shares with value of $2.89M were sold by WREN JOHN. RICE LINDA JOHNSON had sold 824 shares worth $69,669 on Tuesday, August 16. Shares for $79,570 were sold by Hewitt Dennis E. on Thursday, October 20.
More news for Omnicom Group Inc. (NYSE:OMC) were recently published by: Forbes.com, which released: “Omnicom Group Reaches Analyst Target Price” on November 18, 2016. Fool.com‘s article titled: “AT&T Inc. Seals Huge Advertising Deal With Omnicom Group Inc.” and published on August 20, 2016 is yet another important article.
OMC Company Profile
Omnicom Group Inc., incorporated on November 17, 1944, is a holding company. The Firm provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications. The Firm caters to various industry sectors, such as food and beverage, consumer products, pharmaceuticals and healthcare, financial services, technology, travel and entertainment, telecommunications and retail.
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