Tredje AP fonden raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 31.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,038 shares of the business services provider’s stock after acquiring an additional 9,600 shares during the period. Tredje AP fonden’s holdings in Omnicom Group were worth $2,988,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of OMC. Dupont Capital Management Corp purchased a new stake in shares of Omnicom Group during the 2nd quarter valued at $104,000. Parallel Advisors LLC increased its position in shares of Omnicom Group by 8.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Omnicom Group during the 2nd quarter valued at $149,000. Eagle Ridge Investment Management purchased a new stake in shares of Omnicom Group during the 3rd quarter valued at $201,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Omnicom Group during the 3rd quarter valued at $205,000. Institutional investors and hedge funds own 98.60% of the company’s stock.
In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of the firm’s 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 completion of the transaction, the director now owns 7,777 shares in the company, valued at approximately $577,986.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.
Shares of Omnicom Group Inc. (NYSE OMC) traded up $1.32 on Tuesday, reaching $74.70. The company had a trading volume of 4,181,200 shares, compared to its average volume of 1,922,481. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $89.66. The stock has a market cap of $16,916.49, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.98 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, topping the 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 during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted $1.06 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. sell-side analysts predict that Omnicom Group Inc. will post 5.11 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.21%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s dividend payout ratio (DPR) is currently 43.82%.
OMC has been the subject of several research analyst reports. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Friday, October 13th. Argus raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. TheStreet lowered Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a research report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $84.00.
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Omnicom Group 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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