Dynamic Advisor Solutions LLC lifted its position in Omnicom Group Inc. (NYSE:OMC – Get Rating) by 10.5% in the 1st quarter, HoldingsChannel reports. The firm owned 8,050 shares of the business services provider’s stock after purchasing an additional 768 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Omnicom Group were worth $683,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Clean Yield Group boosted its position in Omnicom Group by 150.7% in the fourth quarter. Clean Yield Group now owns 341 shares of the business services provider’s stock valued at $25,000 after buying an additional 205 during the last quarter. TCI Wealth Advisors Inc. boosted its holdings in shares of Omnicom Group by 705.9% in the 4th quarter. TCI Wealth Advisors Inc. now owns 411 shares of the business services provider’s stock shares valued at $30,000 after acquiring an additional 360 during the last quarter. M&R Capital Management Inc. boosted its holdings in shares of Omnicom Group by 400.0% in the 1st quarter. M&R Capital Management Inc. now owns 500 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 400 shares during the last quarter. FSB Premier Wealth Management Inc. acquired a new stake in shares of Omnicom Group in the fourth quarter worth $37,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Omnicom Group during the fourth quarter worth $38,000. 93.08% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Linda Johnson Rice sold 1,900 shares of the stock in a transaction on Monday, April 25th. The stock was sold at an average price of $77.88, for a total value of $147,972.00. Following the completion of the transaction, the director now directly owns 9,784 shares of the company’s stock, valued at approximately $761,977.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Shares of OMC stock opened at $62.58 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.94 and a quick ratio of 0.85. The company has a market cap of $12.87 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 2.96 and a beta of 0.78. The stock has a 50 day simple moving average of $73.78 and a 200-day simple moving average of $76.97. Omnicom Group Inc. has a 1-year low of $61.67 and a 1-year high of $91.61.
Omnicom Group (NYSE:OMC – Get Rating) last announced its earnings results on Tuesday, April 19th. The business services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.11. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.29 billion. Omnicom Group had a return on equity of 37.06% and a net margin of 9.06%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 EPS. Analysts anticipate that Omnicom Group Inc. will post 6.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 10th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Thursday, June 9th. Omnicom Group’s dividend payout ratio is currently 46.43%.
A number of research firms have weighed in on OMC. Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and reduced their objective price for the company from $103.00 to $90.00 in a research note on Monday, March 14th. Argus raised Omnicom Group from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a report on Friday, March 18th. Morgan Stanley decreased their price target on Omnicom Group from $84.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, June 10th. Macquarie downgraded Omnicom Group from an “outperform” rating to a “neutral” rating in a report on Thursday. Finally, BMO Capital Markets boosted their price target on Omnicom Group from $82.00 to $89.00 in a report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $88.11.
Omnicom Group Company Profile (Get Rating)
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,/corporate business- to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
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