Omnicom Group, Inc. (NYSE: OMC) is 9.13% higher on its value in year-to-date trading and has touched a low of $72.20 and a high of $99.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OMC stock was last observed hovering at around $91.69 in the last trading session, with the day’s gains setting it 2.72%.
Currently trading at $94.41, the stock is 6.87% and 6.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing 2.97% at the moment leaves the stock 12.15% off its SMA200. OMC registered 7.31% gain for a year compared to 6-month gain of 19.66%. The firm has a 50-day simple moving average (SMA 50) of $1.41 and a 200-day simple moving average (SMA200) of $8.58.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 8.98% loss in the last 1 month and extending the period to 3 months gives it a 14.99%, and is 5.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.14% over the week and 1.84% over the month.
Omnicom Group, Inc. (OMC) has around 75900 employees, a market worth around $18.69B and $14.69B in sales. Current P/E ratio is 13.64 and Fwd P/E is 11.38. Profit margin for the company is 9.47%. Distance from 52-week low is 30.76% and -4.86% from its 52-week high. The company has generated returns on investments over the last 12 months (14.87%).
Omnicom Group, Inc. quarterly earnings per share for the current quarter are estimated at $1.54 with sales reaching $3.62B over the same period.The EPS is expected to grow by 4.31% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to grow 5.00% in year-over-year returns.
Omnicom Group, Inc. (OMC) Top Institutional Holders
1,236 institutions hold shares in Omnicom Group, Inc. (OMC), with institutional investors hold 97.16% of the company’s shares. The shares outstanding are 198.00M, and float is at 195.85M with Short Float at 3.91%. Institutions hold 95.82% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 23.66 million shares valued at $2.25 billion. The investor’s holdings represent 11.98% of the OMC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 18.74 million shares valued at $1.78 billion to account for 9.49% of the shares outstanding. The other top investors are State Street Corporation which holds 11.3 million shares representing 5.72% and valued at over $1.08 billion, while FIL LTD holds 3.26% of the shares totaling 6.44 million with a market value of $612.96 million.
Omnicom Group, Inc. (OMC) Insider Activity
The most recent transaction is an insider sale by RICE LINDA JOHNSON,the company’sDirector. SEC filings show that RICE LINDA JOHNSON sold 507 shares of the company’s common stock on Feb 09 ’24 at a price of $86.66 per share for a total of $43937.0. Following the sale, the insider now owns 9753.0 shares.
Omnicom Group, Inc. disclosed in a document filed with the SEC on Nov 15 ’23 that RICE LINDA JOHNSON (Director) sold a total of 587 shares of the company’s common stock. The trade occurred on Nov 15 ’23 and was made at $78.70 per share for $46200.0. Following the transaction, the insider now directly holds 9664.0 shares of the OMC stock.
Still, SEC filings show that on Nov 02 ’23, Castellaneta Andrew (SVP, Chief Accounting Officer) disposed off 3,300 shares at an average price of $76.57 for $0.25 million. The insider now directly holds 30,014 shares of Omnicom Group, Inc. (OMC).
