Foster & Motley Inc. Sells 7,268 Shares of Omnicom Group Inc. $OMC

Foster & Motley Inc. reduced its stake in Omnicom Group Inc. (NYSE:OMC) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,995 shares of the business services provider’s stock after selling 7,268 shares during the quarter. Foster & Motley Inc.’s holdings in Omnicom Group were worth $7,455,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in Omnicom Group by 4.1% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock worth $305,000 after purchasing an additional 147 shares during the last quarter. Wakefield Asset Management LLLP grew its holdings in Omnicom Group by 2.6% in the 4th quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock valued at $477,000 after buying an additional 149 shares in the last quarter. Hartford Financial Management Inc. increased its position in Omnicom Group by 27.0% during the 4th quarter. Hartford Financial Management Inc. now owns 762 shares of the business services provider’s stock worth $62,000 after buying an additional 162 shares during the period. Blake Schutter Theil Wealth Advisors LLC increased its position in Omnicom Group by 3.5% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider’s stock worth $395,000 after buying an additional 167 shares during the period. Finally, Binnacle Investments Inc increased its position in Omnicom Group by 17.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider’s stock worth $81,000 after buying an additional 169 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Price Performance

OMC stock opened at $73.54 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The firm has a market cap of $20.96 billion, a P/E ratio of 188.56, a P/E/G ratio of 0.44 and a beta of 0.63. The company’s 50-day moving average price is $75.20 and its two-hundred day moving average price is $76.80.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

Analyst Ratings Changes

OMC has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target on the stock. UBS Group boosted their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Morgan Stanley increased their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Finally, Citigroup dropped their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $99.00.

Omnicom Group 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.