Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Atlas Brown Inc.

Atlas Brown Inc. boosted its stake in Omnicom Group Inc. (NYSE:OMCGet Rating) by 3.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,632 shares of the business services provider’s stock after purchasing an additional 196 shares during the period. Atlas Brown Inc.’s holdings in Omnicom Group were worth $358,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Omnicom Group by 70.6% during the 1st quarter. Wellington Management Group LLP now owns 10,421,313 shares of the business services provider’s stock worth $884,561,000 after purchasing an additional 4,312,149 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Omnicom Group by 683.2% during the 1st quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock worth $251,016,000 after purchasing an additional 2,579,717 shares during the last quarter. Ardevora Asset Management LLP purchased a new stake in shares of Omnicom Group during the 1st quarter worth $57,574,000. Marshall Wace LLP lifted its position in shares of Omnicom Group by 173.9% during the 4th quarter. Marshall Wace LLP now owns 835,595 shares of the business services provider’s stock worth $61,224,000 after purchasing an additional 530,470 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Omnicom Group by 13.7% in the fourth quarter. Invesco Ltd. now owns 3,046,826 shares of the business services provider’s stock valued at $223,242,000 after acquiring an additional 368,109 shares during the last quarter. Institutional investors and hedge funds own 90.85% of the company’s stock.

Insider Transactions at Omnicom Group

In related news, VP Michael J. Obrien sold 18,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $70.47, for a total transaction of $1,268,460.00. Following the completion of the sale, the vice president now owns 131,118 shares in the company, valued at $9,239,885.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

NYSE OMC traded down $1.40 during trading hours on Friday, hitting $62.73. The company had a trading volume of 47,840 shares, compared to its average volume of 1,232,033. The firm has a 50 day simple moving average of $69.02 and a 200 day simple moving average of $72.65. Omnicom Group Inc. has a 52 week low of $61.31 and a 52 week high of $91.61. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 4.10 and a beta of 0.84. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.95.

Omnicom Group (NYSE:OMCGet Rating) last issued its quarterly earnings data on Tuesday, July 19th. The business services provider reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.12. Omnicom Group had a return on equity of 39.15% and a net margin of 9.07%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the company earned $1.46 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that Omnicom Group Inc. will post 6.37 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Wednesday, September 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Tuesday, September 20th. Omnicom Group’s dividend payout ratio is currently 45.83%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. BNP Paribas assumed coverage on shares of Omnicom Group in a research note on Thursday, August 25th. They issued an “underperform” rating on the stock. Morgan Stanley reduced their price objective on shares of Omnicom Group from $84.00 to $70.00 and set an “underweight” rating on the stock in a research note on Friday, June 10th. JPMorgan Chase & Co. dropped their price objective on shares of Omnicom Group from $96.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Macquarie lowered shares of Omnicom Group from an “outperform” rating to a “neutral” rating in a report on Thursday, June 23rd. Finally, Wells Fargo & Company raised their price target on shares of Omnicom Group from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 20th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $84.70.

Omnicom Group Profile

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

See Also

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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