Omnicom Group Inc. (OMC) Stake Lifted by Pacer Advisors Inc.

Pacer Advisors Inc. raised its position in Omnicom Group Inc. (NYSE:OMC) by 104.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 35,717 shares of the business services provider’s stock after purchasing an additional 18,278 shares during the period. Pacer Advisors Inc.’s holdings in Omnicom Group were worth $2,429,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. acquired a new position in shares of Omnicom Group in the 3rd quarter worth approximately $107,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Omnicom Group during the 2nd quarter valued at $185,000. Tower Research Capital LLC TRC lifted its position in shares of Omnicom Group by 78.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,773 shares of the business services provider’s stock valued at $211,000 after acquiring an additional 1,220 shares during the period. Impax Asset Management LLC acquired a new position in shares of Omnicom Group during the 2nd quarter valued at $212,000. Finally, BRYN MAWR TRUST Co acquired a new position in shares of Omnicom Group during the 2nd quarter valued at $213,000.

A number of research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, October 24th. Pivotal Research boosted their target price on shares of Omnicom Group from $65.00 to $66.00 and gave the company a “hold” rating in a research report on Tuesday, October 16th. ValuEngine upgraded shares of Omnicom Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Barclays set a $76.00 target price on shares of Omnicom Group and gave the company a “sell” rating in a research report on Wednesday, October 17th. Finally, Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Four research analysts have rated the stock with a sell rating, eight have given 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 price target of $75.40.

Omnicom Group stock opened at $75.78 on Friday. The firm has a market cap of $16.98 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.96 and a beta of 0.76. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.77 and a current ratio of 0.87. Omnicom Group Inc. has a 12-month low of $65.85 and a 12-month high of $83.34.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 16th. The business services provider reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.03. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.68 billion. Omnicom Group had a net margin of 7.68% and a return on equity of 41.70%. Omnicom Group’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 EPS. On average, equities research analysts expect that Omnicom Group Inc. will post 5.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Friday, December 21st will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $2.40 dividend on an annualized basis and a yield of 3.17%. Omnicom Group’s dividend payout ratio (DPR) is presently 47.06%.

In other Omnicom Group news, CEO Jonathan B. Nelson sold 13,000 shares of the business’s stock in a transaction on Friday, October 19th. The shares were sold at an average price of $77.38, for a total transaction of $1,005,940.00. Following the completion of the sale, the chief executive officer now owns 58,569 shares in the company, valued at approximately $4,532,069.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Dennis E. Hewitt sold 500 shares of the business’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $75.85, for a total transaction of $37,925.00. Following the sale, the treasurer now owns 45,610 shares of the company’s stock, valued at approximately $3,459,518.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,233 shares of company stock valued at $1,098,528 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

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Omnicom Group Profile

Omnicom Group, Inc is a holding company, which engages in the management and provision of advertising agencies. It offers marketing and corporate communications services. The company was founded by Maxwell Dane in 1944 and is headquartered in New York, NY.

See Also: How Investors Use a Balance Sheet

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

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