Advisors Asset Management Inc. decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,247 shares of the business services provider’s stock after selling 854 shares during the period. Advisors Asset Management Inc.’s holdings in Omnicom Group were worth $5,492,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of OMC. Invictus RG boosted its position in shares of Omnicom Group by 1,098.2% in the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock valued at $170,000 after buying an additional 1,812 shares during the period. FNY Partners Fund LP boosted its position in shares of Omnicom Group by 46.7% in the first quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock valued at $189,000 after buying an additional 700 shares during the period. Global X Management Co. LLC boosted its position in shares of Omnicom Group by 29.4% in the first quarter. Global X Management Co. LLC now owns 2,245 shares of the business services provider’s stock valued at $194,000 after buying an additional 510 shares during the period. Huntington Steele LLC purchased a new position in shares of Omnicom Group during the first quarter valued at about $202,000. Finally, Signaturefd LLC purchased a new position in shares of Omnicom Group during the first quarter valued at about $203,000. 98.02% of the stock is owned by institutional investors.
Omnicom Group Inc. (NYSE:OMC) opened at 78.66 on Thursday. Omnicom Group Inc. has a 12-month low of $77.50 and a 12-month high of $89.66. The stock has a market capitalization of $18.15 billion, a PE ratio of 15.88 and a beta of 1.25. The stock’s 50 day moving average is $80.39 and its 200 day moving average is $83.21.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.02. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.74 billion. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. Omnicom Group’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. Equities analysts anticipate that Omnicom Group Inc. will post $5.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 22nd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s payout ratio is currently 44.44%.
Several research analysts have issued reports on the stock. Macquarie cut shares of Omnicom Group from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $83.00 in a report on Tuesday, June 6th. Zacks Investment Research cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Barclays PLC reaffirmed a “hold” rating and issued a $86.00 target price on shares of Omnicom Group in a report on Thursday, April 20th. Wedbush decreased their target price on shares of Omnicom Group from $90.00 to $89.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. Finally, Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the stock a “buy” rating in a report on Saturday, May 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $86.00.
In related news, Director Linda Johnson Rice sold 483 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $82.19, for a total value of $39,697.77. Following the completion of the transaction, the director now directly owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Bruce Crawford sold 22,800 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the completion of the transaction, the chairman now directly owns 105,250 shares of the company’s stock, valued at $8,936,777.50. The disclosure for this sale can be found here. Insiders sold a total of 24,183 shares of company stock valued at $2,046,845 over the last ninety days. 1.10% of the stock is currently owned by insiders.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company 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.
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