Omnicom Group Inc. $OMC Shares Sold by Edmp Inc.

Edmp Inc. reduced its holdings in Omnicom Group Inc. (NYSE:OMC) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,615 shares of the business services provider’s stock after selling 1,088 shares during the quarter. Edmp Inc.’s holdings in Omnicom Group were worth $1,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OMC. Pacer Advisors Inc. boosted its position in shares of Omnicom Group by 17,506.1% in the first quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider’s stock worth $227,512,000 after buying an additional 2,728,494 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Omnicom Group by 20.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider’s stock worth $595,147,000 after buying an additional 1,205,165 shares during the period. Baird Financial Group Inc. boosted its position in shares of Omnicom Group by 44.5% in the first quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock worth $323,040,000 after buying an additional 1,199,725 shares during the period. AQR Capital Management LLC boosted its position in shares of Omnicom Group by 1,836.5% in the first quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock worth $89,114,000 after buying an additional 1,030,633 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Omnicom Group by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after buying an additional 887,415 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Up 0.2%

Shares of NYSE OMC opened at $76.62 on Tuesday. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The stock’s 50 day simple moving average is $76.97 and its 200 day simple moving average is $74.92.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.03. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. Equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.80 annualized dividend and a yield of 3.7%. Omnicom Group’s payout ratio is presently 40.17%.

Analyst Ratings Changes

A number of brokerages recently commented on OMC. JPMorgan Chase & Co. reduced their price target on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Barclays downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

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.