Omnicom Group Inc. (OMC) Stake Increased by Pacer Advisors Inc.

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Pacer Advisors Inc. lifted its position in Omnicom Group Inc. (NYSE:OMC) by 104.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,717 shares of the business services provider’s stock after acquiring an additional 18,278 shares during the quarter. Pacer Advisors Inc.’s holdings in Omnicom Group were worth $2,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OMC. Pendal Group Ltd grew its position in Omnicom Group by 10.0% during the third quarter. Pendal Group Ltd now owns 7,914 shares of the business services provider’s stock valued at $538,000 after buying an additional 720 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Omnicom Group by 1.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 50,542 shares of the business services provider’s stock valued at $3,438,000 after buying an additional 729 shares during the period. AGF Investments America Inc. grew its position in Omnicom Group by 2.4% during the second quarter. AGF Investments America Inc. now owns 34,890 shares of the business services provider’s stock valued at $2,661,000 after buying an additional 810 shares during the period. Camden National Bank grew its position in Omnicom Group by 0.7% during the third quarter. Camden National Bank now owns 123,649 shares of the business services provider’s stock valued at $8,410,000 after buying an additional 810 shares during the period. Finally, Advisors Asset Management Inc. grew its position in Omnicom Group by 1.3% during the second quarter. Advisors Asset Management Inc. now owns 68,649 shares of the business services provider’s stock valued at $5,236,000 after buying an additional 869 shares during the period.

Several equities analysts recently weighed in on OMC shares. ValuEngine upgraded shares of Omnicom Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Barclays lowered shares of Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 price target for the company. in a research report on Friday, September 28th. Pivotal Research increased their price target on shares of Omnicom Group from $65.00 to $66.00 and gave the company a “hold” rating in a research report on Tuesday, October 16th. Finally, Citigroup increased their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $75.40.

In other Omnicom Group news, CEO Jonathan B. Nelson sold 13,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 58,569 shares of the company’s stock, valued at $4,532,069.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Dennis E. Hewitt sold 500 shares of the company’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $75.85, for a total transaction of $37,925.00. Following the sale, the treasurer now directly owns 45,610 shares in the company, valued at $3,459,518.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,233 shares of company stock worth $1,098,528. Insiders own 1.20% of the company’s stock.

NYSE OMC opened at $75.78 on Friday. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.96 and a beta of 0.76. Omnicom Group Inc. has a 52 week low of $65.85 and a 52 week high of $83.34. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 1.48.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 16th. The business services provider reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.68 billion. Omnicom Group had a net margin of 7.68% and a return on equity of 41.70%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. On average, analysts anticipate that Omnicom Group Inc. will post 5.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Friday, December 21st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.17%. The ex-dividend date is Thursday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is presently 47.06%.

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

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