Sequoia Financial Advisors LLC Decreases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Sequoia Financial Advisors LLC cut its stake in Omnicom Group Inc. (NYSE:OMC) by 9.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,159 shares of the business services provider’s stock after selling 6,329 shares during the period. Sequoia Financial Advisors LLC’s holdings in Omnicom Group were worth $5,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new stake in shares of Omnicom Group in the fourth quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new stake in Omnicom Group during the fourth quarter worth $26,000. Pinnacle Bancorp Inc. raised its position in Omnicom Group by 61.6% in the fourth 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. Richardson Financial Services Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at $29,000. Finally, First United Bank & Trust purchased a new position in shares of Omnicom Group during the 4th quarter worth $35,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $110.00 in a report on Tuesday, May 7th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. Macquarie boosted 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. Finally, BNP Paribas raised 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.40.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the transaction, the director now owns 9,830 shares of the company’s stock, valued at $911,044.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Stock Down 0.4 %

Shares of NYSE:OMC traded down $0.33 on Friday, hitting $88.90. 1,748,597 shares of the company’s stock were exchanged, compared to its average volume of 1,432,300. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23. The company has a market capitalization of $17.41 billion, a PE ratio of 12.01, a P/E/G ratio of 2.08 and a beta of 0.95. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. The firm’s 50-day moving average is $92.21 and its 200 day moving average is $90.91.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.15. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.58 billion. Sell-side analysts predict that Omnicom Group Inc. will post 7.84 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.15%. Omnicom Group’s dividend payout ratio is currently 37.84%.

Omnicom Group 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.