On October 18, 2024, Andrew Castellaneta, Senior Vice President and Chief Accounting Officer of Omnicom Group Inc (OMC, Financial), sold 4,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 23,545 shares of Omnicom Group Inc.
Omnicom Group Inc is a global leader in marketing and corporate communications. The company's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and other specialty communications services to over 5,000 clients in more than 100 countries.
Over the past year, Andrew Castellaneta has sold a total of 7,300 shares of Omnicom Group Inc and has not made any purchases of the stock. This recent sale is part of a broader trend within the company, where there have been 8 insider sells and no insider buys over the past year.
Shares of Omnicom Group Inc were trading at $105.29 on the day of the sale. The company has a market cap of approximately $19.71 billion. The price-earnings ratio of the stock is 13.80, which is below both the industry median of 16.78 and the company's historical median.
According to the GF Value, the intrinsic value of Omnicom Group Inc's stock is estimated at $93.46, leading to a price-to-GF-Value ratio of 1.13. This suggests that the stock is Fairly Valued.
This insider sale could be of interest to investors tracking insider behaviors and evaluating the stock's valuation metrics, such as the price-sales ratio, price-book ratio, and price-to-free cash flow, all of which are components of the GF Value calculation.
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