Diversified Trust Co Sells 14,725 Shares of Omnicom Group Inc. $OMC

Diversified Trust Co lowered its position in shares of Omnicom Group Inc. (NYSE:OMC) by 15.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,669 shares of the business services provider’s stock after selling 14,725 shares during the period. Diversified Trust Co’s holdings in Omnicom Group were worth $6,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AustralianSuper Pty Ltd grew its position in shares of Omnicom Group by 24.2% during the 3rd quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock valued at $10,579,000 after purchasing an additional 25,317 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Omnicom Group by 3.7% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396,400 shares of the business services provider’s stock worth $32,318,000 after purchasing an additional 14,155 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Omnicom Group by 155.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock worth $7,265,000 after buying an additional 55,421 shares in the last quarter. AIA Group Ltd purchased a new stake in shares of Omnicom Group in the third quarter worth $1,376,000. Finally, Nordea Investment Management AB boosted its stake in Omnicom Group by 2,103.2% during the fourth quarter. Nordea Investment Management AB now owns 411,049 shares of the business services provider’s stock valued at $33,262,000 after buying an additional 392,392 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE OMC opened at $71.36 on Friday. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. The company has a market capitalization of $20.34 billion, a P/E ratio of 182.99, a P/E/G ratio of 0.43 and a beta of 0.63. The company has a fifty day moving average of $75.38 and a 200-day moving average of $76.73.

Omnicom Group (NYSE:OMC) last announced its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.06. The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 earnings per share. As a group, equities research analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a yield of 4.5%. Omnicom Group’s payout ratio is 820.51%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. The Goldman Sachs Group initiated coverage on Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Morgan Stanley lifted their price target on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. UBS Group boosted their price objective on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, Argus upgraded shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $99.00.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.