Omnicom Group Inc. (NYSE:OMC) was the target of some unusual options trading activity on Thursday. Investors bought 4,203 put options on the stock. This represents an increase of 980% compared to the average daily volume of 389 put options.
In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the sale, the director now directly owns 7,777 shares in the company, valued at approximately $577,986.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of OMC. Janus Henderson Group PLC increased its holdings in Omnicom Group by 15,279.3% in the 2nd quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock worth $414,191,000 after acquiring an additional 4,963,787 shares in the last quarter. Nordea Investment Management AB increased its holdings in Omnicom Group by 501.5% in the 2nd quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock worth $182,531,000 after acquiring an additional 1,835,749 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Omnicom Group by 12.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock worth $1,118,541,000 after acquiring an additional 1,671,452 shares in the last quarter. Longview Partners Guernsey LTD increased its holdings in Omnicom Group by 41.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after acquiring an additional 1,653,208 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Omnicom Group by 90.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,652,302 shares of the business services provider’s stock worth $219,876,000 after acquiring an additional 1,256,005 shares in the last quarter. 98.60% of the stock is owned by institutional investors.
Omnicom Group (NYSE:OMC) opened at $74.70 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. The firm has a market cap of $16,916.49, a P/E ratio of 14.77, a PEG ratio of 1.98 and a beta of 1.24. Omnicom Group has a 1-year low of $65.32 and a 1-year high of $89.66.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. sell-side analysts anticipate that Omnicom Group will post 5.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.21%. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s payout ratio is presently 43.82%.
OMC has been the subject of several research reports. Credit Suisse Group lifted their price objective on shares of Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, October 18th. Telsey Advisory Group upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $86.00 to $89.00 in a research note on Wednesday, October 18th. TheStreet lowered shares of Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Friday, October 13th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Omnicom Group presently has an average rating of “Hold” and an average target price of $84.00.
ILLEGAL ACTIVITY WARNING: “Traders Purchase Large Volume of Omnicom Group Put Options (OMC)” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/05/traders-purchase-large-volume-of-omnicom-group-put-options-omc.html.
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.
Receive News & Ratings for Omnicom Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.