Meeder Advisory Services Inc. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC – Free Report) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,635 shares of the business services provider’s stock after purchasing an additional 141 shares during the period. Meeder Advisory Services Inc.’s holdings in Omnicom Group were worth $255,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new position in Omnicom Group during the fourth quarter valued at $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Omnicom Group in the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. lifted its stake in shares of Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares in the last quarter. Richardson Financial Services Inc. purchased a new position in shares of Omnicom Group in the fourth quarter worth about $29,000. Finally, First United Bank & Trust purchased a new position in shares of Omnicom Group in the fourth quarter worth about $35,000. 91.97% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Linda Johnson Rice sold 453 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total value of $41,984.04. Following the sale, the director now directly owns 9,830 shares in the company, valued at $911,044.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Report on Omnicom Group
Omnicom Group Stock Performance
OMC traded up $0.65 on Tuesday, hitting $94.40. 561,562 shares of the company traded hands, compared to its average volume of 1,578,895. The company has a 50 day moving average of $92.00 and a 200-day moving average of $91.20. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23. The stock has a market capitalization of $18.49 billion, a PE ratio of 12.67, a PEG ratio of 2.17 and a beta of 0.95. 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 – Get Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.15. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Sell-side analysts anticipate that Omnicom Group Inc. will post 7.84 earnings per share for the current year.
Omnicom Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 2.97%. 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.
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