Omnicom Group Inc. (NYSE:OMC) Shares Bought by Occidental Asset Management LLC

Occidental Asset Management LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 40.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,239 shares of the business services provider’s stock after buying an additional 2,361 shares during the quarter. Occidental Asset Management LLC’s holdings in Omnicom Group were worth $675,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Crossmark Global Holdings Inc. grew its stake in shares of Omnicom Group by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 30,462 shares of the business services provider’s stock worth $2,496,000 after purchasing an additional 131 shares during the period. 6 Meridian grew its stake in shares of Omnicom Group by 2.1% during the 2nd quarter. 6 Meridian now owns 6,530 shares of the business services provider’s stock worth $535,000 after purchasing an additional 137 shares during the period. Global Retirement Partners LLC grew its stake in shares of Omnicom Group by 5.2% during the 1st quarter. Global Retirement Partners LLC now owns 2,825 shares of the business services provider’s stock worth $206,000 after purchasing an additional 139 shares during the period. Securian Asset Management Inc grew its stake in shares of Omnicom Group by 0.6% during the 1st quarter. Securian Asset Management Inc now owns 22,741 shares of the business services provider’s stock worth $1,660,000 after purchasing an additional 145 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Omnicom Group by 1.1% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,410 shares of the business services provider’s stock worth $1,344,000 after purchasing an additional 200 shares during the period.

Shares of NYSE:OMC traded down $0.21 during midday trading on Thursday, reaching $75.77. 67,084 shares of the company’s stock traded hands, compared to its average volume of 1,888,273. Omnicom Group Inc. has a 1 year low of $65.85 and a 1 year high of $85.05. The stock has a market cap of $16.94 billion, a P/E ratio of 13.17, a P/E/G ratio of 2.54 and a beta of 0.71. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.76 and a current ratio of 0.85. The company has a fifty day simple moving average of $81.19.

Omnicom Group (NYSE:OMC) last announced its earnings results on Wednesday, July 17th. The business services provider reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. Omnicom Group had a return on equity of 43.86% and a net margin of 8.89%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm posted $1.60 EPS. The business’s revenue was down 3.6% on a year-over-year basis. On average, sell-side analysts forecast that Omnicom Group Inc. will post 6.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 20th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, September 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.43%. Omnicom Group’s dividend payout ratio (DPR) is 45.22%.

OMC has been the topic of a number of analyst reports. ValuEngine cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Barclays reaffirmed a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a research note on Sunday, July 21st. Finally, BMO Capital Markets cut shares of Omnicom Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $88.00 to $86.00 in a research note on Sunday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $80.33.

In other news, Chairman John Wren sold 60,541 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $79.84, for a total transaction of $4,833,593.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Andrew Castellaneta sold 2,000 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $80.16, for a total value of $160,320.00. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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

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