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Foster & Motley Inc. increased its stake in Omnicom Group Inc. by 24.2% in the third quarter, owning 102,086 shares valued at $7,603,000. Other large investors also adjusted their holdings, including City State Bank, EverSource Wealth Advisors LLC, Carolinas Wealth Consulting LLC, KB Financial Partners LLC, and Oakworth Capital Inc. Institutional investors and hedge funds own 92.71% of Omnicom Group’s stock.

Wall Street analysts have weighed in on Omnicom Group with Bank of America, JPMorgan Chase & Co., Citigroup, Morgan Stanley, and StockNews.com offering their recommendations. Currently, Omnicom Group has an average rating of “Hold” with a consensus target price of $94.50.

CAO Andrew Castellaneta sold 3,300 shares of Omnicom Group in November, amounting to approximately $252,681.00. Following the transaction, Castellaneta owns 30,014 shares of the company’s stock, valued at $2,298,171.98.

OMC stock traded at $86.39 on Tuesday, with 281,622 shares exchanged. The stock has a 50-day moving average price of $80.52 and a 200-day moving average price of $81.92. Omnicom Group Inc. holds a market cap of $17.10 billion.

Omnicom Group posted quarterly earnings results on October 17th, reporting $1.86 earnings per share and revenue of $3.58 billion, a 3.9% increase year-over-year. Analysts predict Omnicom Group will post 7.39 earnings per share for the current year.

Omnicom Group will pay a quarterly dividend of $0.70 per share on January 12th to shareholders of record on December 22nd, representing an annualized dividend of $2.80 and a 3.24% yield.

Omnicom Group Inc provides advertising, marketing, and corporate communications services, offering a range of services in advertising and media, precision marketing, commerce and brand consulting, experiential, execution and support, public relations, and healthcare.



Read more: Omnicom Group Inc. (NYSE:OMC) Shares Bought by Foster & Motley Inc.