Omnicom Group Inc. (NYSE:OMC) Director Sells $41,984.04 in Stock

Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 453 shares of Omnicom Group stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the sale, the director now directly owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Linda Johnson Rice also recently made the following trade(s):

• On Friday, February 9th, Linda Johnson Rice sold 507 shares of Omnicom Group stock. The shares were sold at an average price of $86.66, for a total value of $43,936.62.

Omnicom Group Stock Performance

Omnicom Group stock traded up $1.53 during trading hours on Tuesday, hitting $94.72. The stock had a trading volume of 1,864,494 shares, compared to its average volume of 1,650,534. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The company has a market cap of $18.55 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. The company has a 50-day moving average of $93.01 and a two-hundred day moving average of $86.99. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33.

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

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.96%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OMC. Concurrent Investment Advisors LLC lifted its holdings in shares of Omnicom Group by 2.9% during the first quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 119 shares during the period. Atomi Financial Group Inc. acquired a new position in Omnicom Group in the first quarter valued at about $207,000. KCM Investment Advisors LLC boosted its position in Omnicom Group by 9.6% in the first quarter. KCM Investment Advisors LLC now owns 20,425 shares of the business services provider’s stock valued at $1,976,000 after buying an additional 1,785 shares in the last quarter. Tectonic Advisors LLC grew its stake in Omnicom Group by 9.7% during the first quarter. Tectonic Advisors LLC now owns 4,262 shares of the business services provider’s stock worth $412,000 after buying an additional 376 shares during the last quarter. Finally, Forsta AP Fonden increased its holdings in shares of Omnicom Group by 22.3% during the first quarter. Forsta AP Fonden now owns 55,400 shares of the business services provider’s stock worth $5,361,000 after buying an additional 10,100 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on OMC shares. 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 note on Wednesday, April 17th. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday, March 28th. 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 target price on the stock. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, Moffett Nathanson lifted their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $104.40.

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.