Acropolis Investment Management LLC acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,304 shares of the business services provider’s stock, valued at approximately $608,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of OMC. Resources Management Corp CT ADV acquired a new stake in shares of Omnicom Group during the third quarter worth approximately $104,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Omnicom Group during the third quarter worth approximately $107,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Omnicom Group during the second quarter worth approximately $185,000. Lourd Capital LLC acquired a new stake in shares of Omnicom Group during the third quarter worth approximately $201,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Omnicom Group by 78.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,773 shares of the business services provider’s stock worth $211,000 after buying an additional 1,220 shares in the last quarter.
In related news, Treasurer Dennis E. Hewitt sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $75.85, for a total value of $37,925.00. Following the completion of the sale, the treasurer now owns 45,610 shares of the company’s stock, valued at $3,459,518.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jonathan B. Nelson sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The shares were sold at an average price of $77.38, for a total transaction of $1,005,940.00. Following the completion of the transaction, the chief executive officer now directly owns 58,569 shares in the company, valued at $4,532,069.22. The disclosure for this sale can be found here. In the last three months, insiders sold 14,233 shares of company stock valued at $1,098,528. 1.20% of the stock is currently owned by company insiders.
OMC has been the subject of several recent analyst reports. Barclays lowered shares of Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 price objective for the company. in a report on Friday, September 28th. Pivotal Research raised their price objective on shares of Omnicom Group from $65.00 to $66.00 and gave the stock a “hold” rating in a report on Tuesday, October 16th. ValuEngine raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Citigroup raised their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Monday, December 17th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $75.70.
Shares of Omnicom Group stock traded up $0.41 during midday trading on Thursday, reaching $75.95. The company had a trading volume of 2,044,924 shares, compared to its average volume of 2,176,275. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.87 and a quick ratio of 0.77. The firm has a market cap of $16.44 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.88 and a beta of 0.70. Omnicom Group Inc. has a 1-year low of $65.85 and a 1-year high of $83.34.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 16th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.68 billion. Omnicom Group had a net margin of 7.68% and a return on equity of 41.70%. Omnicom Group’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share. On average, sell-side analysts expect that Omnicom Group Inc. will post 5.62 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 9th. Investors of record on Friday, December 21st were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Thursday, December 20th. Omnicom Group’s dividend payout ratio is currently 47.06%.
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Omnicom Group Company Profile
Omnicom Group, Inc is a holding company, which engages in the management and provision of advertising agencies. It offers marketing and corporate communications services. The company was founded by Maxwell Dane in 1944 and is headquartered in New York, NY.
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