Hikari Power Ltd Takes $306,000 Position in Omnicom Group Inc. (OMC)

Hikari Power Ltd bought a new position in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, HoldingsChannel.com reports. The fund bought 4,200 shares of the business services provider’s stock, valued at approximately $306,000.

Several other institutional investors have also modified their holdings of the company. Swiss National Bank raised its holdings in shares of Omnicom Group by 0.3% during the third quarter. Swiss National Bank now owns 859,077 shares of the business services provider’s stock worth $63,632,000 after acquiring an additional 2,200 shares in the last quarter. Cambridge Trust Co. purchased a new stake in shares of Omnicom Group during the third quarter worth $319,000. Prudential Financial Inc. raised its holdings in shares of Omnicom Group by 47.5% during the third quarter. Prudential Financial Inc. now owns 478,517 shares of the business services provider’s stock worth $35,444,000 after acquiring an additional 154,103 shares in the last quarter. Lingohr & Partner Asset Management GmbH purchased a new stake in shares of Omnicom Group during the third quarter worth $940,000. Finally, 361 Capital LLC purchased a new stake in shares of Omnicom Group during the third quarter worth $3,288,000. 98.58% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Inc. (NYSE:OMC) opened at $74.32 on Friday. Omnicom Group Inc. has a 1-year low of $65.32 and a 1-year high of $87.43. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $17,130.00, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company earned $1.06 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. equities research analysts anticipate that Omnicom Group Inc. will post 5.11 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.60 per share. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 3.23%. The ex-dividend date was Monday, December 18th. Omnicom Group’s dividend payout ratio (DPR) is 47.81%.

Several brokerages recently issued reports on OMC. TheStreet lowered Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. BMO Capital Markets reiterated a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a report on Wednesday, October 18th. Zacks Investment Research lowered Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Royal Bank of Canada cut their price objective on Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, October 18th. Finally, Jefferies Group reiterated a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a report on Thursday, September 21st. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $84.00.

In other news, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the transaction, the director now directly owns 7,777 shares in the company, valued at $577,986.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the transaction, the insider now owns 21,271 shares in the company, valued at $1,580,648.01. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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