Sfmg LLC Reduces Stake in Omnicom Group Inc. (NYSE:OMC)

Sfmg LLC lessened its position in Omnicom Group Inc. (NYSE:OMC) by 20.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,368 shares of the business services provider’s stock after selling 611 shares during the quarter. Sfmg LLC’s holdings in Omnicom Group were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in OMC. OFI Invest Asset Management purchased a new position in shares of Omnicom Group in the 3rd quarter valued at approximately $25,000. Pinnacle Bancorp Inc. lifted its stake in shares of Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period. KB Financial Partners LLC lifted its stake in shares of Omnicom Group by 1,326.1% in the 2nd quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 305 shares during the period. Carolinas Wealth Consulting LLC lifted its stake in shares of Omnicom Group by 1,805.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 307 shares during the period. Finally, Ronald Blue Trust Inc. lifted its stake in shares of Omnicom Group by 64.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 1.6 %

Omnicom Group stock opened at $92.45 on Thursday. The firm has a market cap of $18.23 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 2.18 and a beta of 0.97. The stock has a fifty day simple moving average of $91.25 and a two-hundred day simple moving average of $85.14. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16.

Omnicom Group (NYSE:OMC) last posted its earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.83% and a net margin of 9.96%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 EPS. Equities analysts predict that Omnicom Group Inc. will post 7.73 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Friday, March 8th. Omnicom Group’s payout ratio is 37.84%.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on OMC shares. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday. UBS Group began coverage on Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $91.00 to $106.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.40.

About Omnicom Group

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.