Stocks of Omnicom Group, Inc (NYSE:OMC) traded higher last session on Wall Street, up 0.50% to $82.62.
OMC stock price is now -2.46% away from the 50-day moving average and -11.99% away from the 200-day moving average. The market capitalization of the company currently stands at $16.23B.
On October 16, 2024, JP Morgan reiterated its ‘Overweight’ rating on the stock by increasing its target price from $118 to quote $119, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Castellaneta Andrew, SVP, Chief Accounting Officer sold 4,000 shares of the company’s stock on Oct 18 ’24. The stock was sold for $421,154 at an average price of $105.29. Upon completion of the transaction, the SVP, Chief Accounting Officer now directly owns 23,545 shares in the company, valued at $1.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18 ’24, Officer Castellaneta Andrew bought 4,000 shares of the business’s stock. A total of $421,153 was incurred on buying the stock at an average price of $105.29. A total of 1.19% of the company’s stock is owned by insiders.
During the past 12 months, Omnicom Group, Inc has had a low of $79.57 and a high of $107.00. As of last week, the company has a debt-to-equity ratio of 1.64, a current ratio of 1.00, and a quick ratio of 1.00.
The net profit margin was 9.44% and return on equity was 37.92% for OMC. The company reported revenue of $4.32 billion for the quarter, compared to $4.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.43 percent.
