J. W. Coons Advisors LLC Grows Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

J. W. Coons Advisors LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,567 shares of the business services provider’s stock after purchasing an additional 450 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Omnicom Group were worth $1,038,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new stake in shares of Omnicom Group in the fourth quarter worth $26,000. Richardson Financial Services Inc. purchased a new position in Omnicom Group in the fourth quarter worth about $29,000. Innealta Capital LLC bought a new stake in shares of Omnicom Group during the 2nd quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Omnicom Group during the 2nd quarter valued at about $33,000. Finally, First United Bank & Trust bought a new position in shares of Omnicom Group in the 4th quarter worth approximately $35,000. Institutional investors own 91.97% of the company’s stock.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the transaction, the director now directly owns 10,356 shares of the company’s stock, valued at $941,153.28. The sale was disclosed in a filing with the SEC, which is available through this link. In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

OMC has been the subject of a number of research reports. Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $100.00 to $110.00 in a report on Tuesday, May 7th. Macquarie restated an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, UBS Group lifted their target price on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.70.

Omnicom Group Stock Performance

NYSE:OMC opened at $100.43 on Friday. The stock has a 50-day moving average price of $93.42 and a 200 day moving average price of $92.80. The stock has a market capitalization of $19.65 billion, a P/E ratio of 13.57, a P/E/G ratio of 2.36 and a beta of 0.95. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $100.61. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the business posted $1.81 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts forecast that Omnicom Group Inc. will post 7.95 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.79%. Omnicom Group’s payout ratio is 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.