Stack Financial Management Inc raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,390 shares of the business services provider’s stock after buying an additional 1,030 shares during the period. Stack Financial Management Inc’s holdings in Omnicom Group were worth $9,566,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Naples Global Advisors LLC boosted its stake in shares of Omnicom Group by 2.1% in the second quarter. Naples Global Advisors LLC now owns 19,114 shares of the business services provider’s stock valued at $1,585,000 after buying an additional 400 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Omnicom Group by 9,779.9% in the second quarter. Acadian Asset Management LLC now owns 52,166 shares of the business services provider’s stock valued at $4,325,000 after buying an additional 51,638 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Omnicom Group by 65.1% in the second quarter. Russell Investments Group Ltd. now owns 510,557 shares of the business services provider’s stock valued at $42,334,000 after buying an additional 201,225 shares during the last quarter. Regentatlantic Capital LLC boosted its stake in shares of Omnicom Group by 3.1% in the second quarter. Regentatlantic Capital LLC now owns 13,951 shares of the business services provider’s stock valued at $1,157,000 after buying an additional 419 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of Omnicom Group by 2.2% in the second quarter. Greenleaf Trust now owns 8,565 shares of the business services provider’s stock valued at $710,000 after buying an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 98.68% of the company’s stock.
Shares of Omnicom Group Inc. (NYSE:OMC) traded down 0.59% during trading on Tuesday, hitting $78.59. The stock had a trading volume of 1,436,217 shares. The company has a market cap of $18.13 billion, a PE ratio of 15.87 and a beta of 1.25. Omnicom Group Inc. has a 12-month low of $77.50 and a 12-month high of $89.66. The stock’s 50 day moving average is $81.39 and its 200-day moving average is $83.64.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.02. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. Analysts forecast that Omnicom Group Inc. will post $5.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Thursday, September 21st. Omnicom Group’s dividend payout ratio (DPR) is 44.44%.
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Several analysts recently commented on the company. BidaskClub cut Omnicom Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Wells Fargo & Company reiterated a “hold” rating and set a $84.00 price target on shares of Omnicom Group in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $82.00 price target on shares of Omnicom Group in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $86.00.
In other news, Chairman Bruce Crawford sold 22,800 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the sale, the chairman now owns 105,250 shares in the company, valued at $8,936,777.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total value of $71,199.00. Following the sale, the treasurer now owns 44,161 shares in the company, valued at approximately $3,493,576.71. The disclosure for this sale can be found here. Insiders have sold 24,183 shares of company stock worth $2,046,845 in the last 90 days. Insiders own 1.10% of the company’s stock.
About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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