ProShare Advisors LLC Sells 984 Shares of Omnicom Group Inc. (NYSE:OMC)

ProShare Advisors LLC trimmed its holdings in Omnicom Group Inc. (NYSE:OMC) by 2.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 35,883 shares of the business services provider’s stock after selling 984 shares during the period. ProShare Advisors LLC’s holdings in Omnicom Group were worth $3,472,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new stake in Omnicom Group in the 4th quarter worth about $26,000. Frazier Financial Advisors LLC bought a new stake in Omnicom Group in the 4th quarter worth about $26,000. Pinnacle Bancorp Inc. grew its stake in shares of Omnicom Group by 61.6% during the 4th 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. bought a new stake in shares of Omnicom Group during the 4th quarter valued at about $29,000. Finally, First United Bank & Trust bought a new stake in shares of Omnicom Group during the 4th quarter valued at about $35,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Trading Up 0.6 %

Shares of NYSE:OMC opened at $92.06 on Friday. The stock has a 50 day moving average of $91.87 and a 200 day moving average of $91.27. The company has a market cap of $18.03 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 2.13 and a beta of 0.95. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $98.06.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a return on equity of 37.86% and a net margin of 9.55%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the previous year, the company posted $1.81 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts expect that Omnicom Group Inc. will post 7.85 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.04%. Omnicom Group’s dividend payout ratio is presently 37.84%.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 453 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the transaction, the director now directly owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OMC shares. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $100.00 to $110.00 in a research note on Tuesday, May 7th. Moffett Nathanson boosted their price target on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, UBS Group boosted their price target on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.70.

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.