Traders Buy Omnicom Group (OMC) on Weakness

Investors bought shares of Omnicom Group Inc. (NYSE:OMC) on weakness during trading on Wednesday. $77.06 million flowed into the stock on the tick-up and $37.14 million flowed out of the stock on the tick-down, for a money net flow of $39.92 million into the stock. Of all equities tracked, Omnicom Group had the 22nd highest net in-flow for the day. Omnicom Group traded down ($1.33) for the day and closed at $77.03

Several equities analysts recently commented on the stock. TheStreet cut shares of Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. Macquarie upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 target price for the company in a research note on Friday, February 16th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Pivotal Research cut their target price on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, February 15th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $80.00 price target on shares of Omnicom Group in a report on Friday, February 16th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $83.07.

The stock has a market cap of $17,760.00, a price-to-earnings ratio of 15.07, a PEG ratio of 2.56 and a beta of 1.20. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.86 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. equities research analysts forecast that Omnicom Group Inc. will post 5.5 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Friday, March 9th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, March 8th. Omnicom Group’s payout ratio is 46.97%.

In other news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the sale, the insider now owns 21,271 shares of the company’s stock, valued at approximately $1,580,648.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB grew its holdings in shares of Omnicom Group by 5.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 40,719 shares of the business services provider’s stock worth $2,966,000 after purchasing an additional 2,161 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Omnicom Group by 21.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 270,996 shares of the business services provider’s stock worth $19,736,000 after purchasing an additional 47,607 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Omnicom Group by 4.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 87,435 shares of the business services provider’s stock worth $6,368,000 after purchasing an additional 4,000 shares during the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in Omnicom Group during the 4th quarter worth about $352,000. Finally, Sawtooth Solutions LLC lifted its position in Omnicom Group by 14.1% during the 4th quarter. Sawtooth Solutions LLC now owns 7,149 shares of the business services provider’s stock worth $521,000 after buying an additional 881 shares in the last quarter. 98.63% of the stock is currently owned by institutional investors and hedge funds.

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About Omnicom Group

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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