Mawer Investment Management Ltd. purchased a new stake in Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 36,490 shares of the business services provider’s stock, valued at approximately $2,658,000.
Several other large investors have also recently made changes to their positions in OMC. SeaCrest Wealth Management LLC acquired a new stake in shares of Omnicom Group in the 4th quarter valued at approximately $104,000. MUFG Americas Holdings Corp raised its position in shares of Omnicom Group by 123.8% in the 4th quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 847 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Omnicom Group in the 4th quarter valued at approximately $199,000. Eagle Ridge Investment Management acquired a new stake in shares of Omnicom Group in the 3rd quarter valued at approximately $201,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Omnicom Group during the 3rd quarter worth approximately $205,000. Institutional investors and hedge funds own 98.63% of the company’s stock.
Shares of Omnicom Group Inc. (NYSE:OMC) opened at $77.03 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.56. Omnicom Group Inc. has a fifty-two week low of $65.32 and a fifty-two week high of $86.71. The stock has a market cap of $18,043.77, a P/E ratio of 16.60, a PEG ratio of 2.51 and a beta of 1.20.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the company earned $1.47 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. sell-side analysts predict that Omnicom Group Inc. will post 5.6 EPS for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date is Thursday, March 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.12%. Omnicom Group’s dividend payout ratio (DPR) is presently 51.72%.
In other 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 sale, the insider now directly owns 21,271 shares in the company, valued at $1,580,648.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.
Several analysts have commented on OMC shares. Zacks Investment Research downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Macquarie downgraded shares of Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a report on Tuesday, January 2nd. Argus upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Bank of America downgraded shares of Omnicom Group from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. Finally, Morgan Stanley raised their target price on shares of Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $83.07.
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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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