Omnicom Group Inc. (NYSE:OMC) Treasurer Dennis E. Hewitt sold 2,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $77.38, for a total transaction of $154,760.00. Following the completion of the sale, the treasurer now owns 42,561 shares of the company’s stock, valued at $3,293,370.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Omnicom Group Inc. (OMC) traded up $0.52 during mid-day trading on Friday, reaching $77.31. 1,655,249 shares of the company’s stock traded hands, compared to its average volume of 3,459,302. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $17,682.25, a price-to-earnings ratio of 16.66, a PEG ratio of 2.46 and a beta of 1.20. Omnicom Group Inc. has a one year low of $65.32 and a one year high of $86.71.
Omnicom Group (NYSE:OMC) last announced its earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The company had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.21 billion. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. Omnicom Group’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 earnings per share. sell-side analysts anticipate that Omnicom Group Inc. will post 5.6 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is presently 51.72%.
Hedge funds have recently made changes to their positions in the business. Swiss National Bank boosted its stake in Omnicom Group by 0.3% during the third quarter. Swiss National Bank now owns 859,077 shares of the business services provider’s stock worth $63,632,000 after buying an additional 2,200 shares during the period. Cambridge Trust Co. purchased a new position in Omnicom Group during the third quarter worth about $319,000. Prudential Financial Inc. boosted its stake in Omnicom Group by 47.5% during the third quarter. Prudential Financial Inc. now owns 478,517 shares of the business services provider’s stock worth $35,444,000 after buying an additional 154,103 shares during the period. Lingohr & Partner Asset Management GmbH purchased a new position in Omnicom Group during the third quarter worth about $940,000. Finally, 361 Capital LLC purchased a new position in shares of Omnicom Group in the third quarter valued at approximately $3,288,000. 98.63% of the stock is owned by institutional investors.
OMC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Macquarie cut shares of Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research report on Tuesday, January 2nd. Argus upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Bank of America cut shares of Omnicom Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada cut shares of Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 price objective for the company. in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $83.36.
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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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