Linda Johnson Rice Sells 499 Shares of Omnicom Group (OMC) Stock

Omnicom Group (NYSE:OMC) Director Linda Johnson Rice sold 499 shares of the business’s stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $75.31, for a total value of $37,579.69. Following the completion of the sale, the director now owns 7,900 shares of the company’s stock, valued at $594,949. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NYSE:OMC opened at $73.74 on Friday. Omnicom Group has a 12-month low of $65.32 and a 12-month high of $85.44. The company has a market cap of $16,760.36, a P/E ratio of 14.13, a P/E/G ratio of 2.25 and a beta of 1.16. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.52.

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Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 17th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.08. Omnicom Group had a return on equity of 39.97% and a net margin of 7.25%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the previous year, the firm posted $1.02 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. equities analysts expect that Omnicom Group will post 5.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 9th. Shareholders of record on Friday, March 9th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.40 dividend on an annualized basis and a yield of 3.25%. Omnicom Group’s dividend payout ratio (DPR) is presently 47.06%.

A number of hedge funds have recently made changes to their positions in OMC. Dimensional Fund Advisors LP boosted its position in Omnicom Group by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 918,998 shares of the business services provider’s stock worth $68,071,000 after acquiring an additional 21,846 shares during the period. GSA Capital Partners LLP acquired a new position in Omnicom Group during the 3rd quarter worth $310,000. Oak Point Wealth Management acquired a new position in Omnicom Group during the 4th quarter worth $219,000. Union Bankshares Corp boosted its position in Omnicom Group by 2.9% during the 4th quarter. Union Bankshares Corp now owns 29,208 shares of the business services provider’s stock worth $2,127,000 after acquiring an additional 830 shares during the period. Finally, Hikari Power Ltd acquired a new position in Omnicom Group during the 4th quarter worth $306,000.

OMC has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Wells Fargo reiterated a “hold” rating and issued a $80.00 price target on shares of Omnicom Group in a report on Friday, February 16th. BMO Capital Markets upgraded Omnicom Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $80.00 to $90.00 in a report on Friday, February 16th. They noted that the move was a valuation call. Pivotal Research reduced their price objective on Omnicom Group from $75.00 to $72.00 and set a “hold” rating for the company in a research report on Tuesday, April 3rd. Finally, Royal Bank of Canada lowered Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 price objective for the company. in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Omnicom Group currently has an average rating of “Hold” and a consensus price target of $81.36.

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Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

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