Community Bank N.A. Buys 1,270 Shares of Omnicom Group Inc. (NYSE:OMC)

Community Bank N.A. grew its stake in Omnicom Group Inc. (NYSE:OMC) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,730 shares of the business services provider’s stock after purchasing an additional 1,270 shares during the quarter. Community Bank N.A.’s holdings in Omnicom Group were worth $3,870,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in OMC. Ronald Blue Trust Inc. raised its holdings in Omnicom Group by 64.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock worth $38,000 after purchasing an additional 199 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Omnicom Group in the 3rd quarter worth about $205,000. State of Alaska Department of Revenue increased its stake in shares of Omnicom Group by 5.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 25,979 shares of the business services provider’s stock worth $1,934,000 after acquiring an additional 1,260 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of Omnicom Group by 14.1% in the 3rd quarter. Avior Wealth Management LLC now owns 12,152 shares of the business services provider’s stock worth $905,000 after acquiring an additional 1,500 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in shares of Omnicom Group by 3.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 46,287 shares of the business services provider’s stock worth $3,451,000 after acquiring an additional 1,730 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

Shares of NYSE OMC traded up $1.76 during trading on Wednesday, reaching $95.98. 2,167,130 shares of the company traded hands, compared to its average volume of 1,654,403. The firm has a 50 day simple moving average of $92.04 and a 200-day simple moving average of $85.85. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $18.80 billion, a PE ratio of 12.97, a P/E/G ratio of 2.20 and a beta of 0.97. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 EPS. Equities research analysts anticipate that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s payout ratio is presently 37.84%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OMC. UBS Group began coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target for the company. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $91.00 to $106.00 in a research note on Wednesday, April 17th. Macquarie increased their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.40.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.