USS Investment Management Ltd acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 90,800 shares of the business services provider’s stock, valued at approximately $6,615,000.
Several other hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank lifted its position in Omnicom Group by 0.3% in the 3rd quarter. Swiss National Bank now owns 859,077 shares of the business services provider’s stock valued at $63,632,000 after acquiring an additional 2,200 shares in the last quarter. Cambridge Trust Co. bought a new position in Omnicom Group in the 3rd quarter valued at about $319,000. Prudential Financial Inc. lifted its position in Omnicom Group by 47.5% in the 3rd quarter. Prudential Financial Inc. now owns 478,517 shares of the business services provider’s stock valued at $35,444,000 after acquiring an additional 154,103 shares in the last quarter. Lingohr & Partner Asset Management GmbH bought a new position in Omnicom Group in the 3rd quarter valued at about $940,000. Finally, 361 Capital LLC bought a new position in Omnicom Group in the 3rd quarter valued at about $3,288,000.
In related news, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Several brokerages recently weighed in on OMC. TheStreet cut shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Royal Bank of Canada decreased their price objective on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company 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 increased their price objective for the company from $86.00 to $89.00 in a research note on Wednesday, October 18th. BMO Capital Markets reiterated a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a research note on Wednesday, October 18th. Finally, Morgan Stanley lowered shares of Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 price objective for the company. in a research note on Monday, October 16th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $84.36.
Shares of Omnicom Group Inc. (NYSE:OMC) opened at $74.32 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. Omnicom Group Inc. has a one year low of $65.32 and a one year high of $87.43. The stock has a market cap of $17,502.04, a P/E ratio of 14.80, a PEG ratio of 2.02 and a beta of 1.23.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. 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 business posted $1.06 EPS. Omnicom Group’s quarterly revenue was down 1.9% compared to the same quarter last year. research analysts expect that Omnicom Group Inc. will post 5.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, December 18th. This represents a $2.40 annualized dividend and a dividend yield of 3.23%. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s dividend payout ratio (DPR) is presently 47.81%.
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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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