Omnicom Group Inc. (NYSE:OMC) insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the sale, the insider now directly owns 21,271 shares of the company’s stock, valued at approximately $1,580,648.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Omnicom Group Inc. (NYSE:OMC) traded up $0.07 during trading on Wednesday, reaching $74.51. The company’s stock had a trading volume of 1,922,100 shares, compared to its average volume of 1,945,889. Omnicom Group Inc. has a 1 year low of $65.32 and a 1 year high of $89.66. 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 company has a market capitalization of $17,040.00, a PE ratio of 14.98, a PEG ratio of 1.99 and a beta of 1.23.
Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the business posted $1.06 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. research analysts forecast that Omnicom Group Inc. will post 5.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Monday, December 18th. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s payout ratio is currently 43.82%.
OMC has been the subject of a number of research reports. Morgan Stanley downgraded Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 target price for the company. in a report on Monday, October 16th. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Credit Suisse Group decreased their price target on Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 11th. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, BMO Capital Markets restated a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a research report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $84.00.
A number of institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its holdings in shares of Omnicom Group by 15,279.3% during the second quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock worth $414,191,000 after purchasing an additional 4,963,787 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Omnicom Group by 501.5% during the second quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock worth $182,531,000 after purchasing an additional 1,835,749 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Omnicom Group by 12.4% during the third 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 purchasing an additional 1,671,452 shares during the last quarter. Longview Partners Guernsey LTD grew its holdings in shares of Omnicom Group by 41.3% during the third quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after purchasing an additional 1,653,208 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Omnicom Group by 90.0% during the second quarter. Alliancebernstein L.P. now owns 2,652,302 shares of the business services provider’s stock worth $219,876,000 after purchasing an additional 1,256,005 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.
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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.
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