67,047 Shares in Omnicom Group Inc. $OMC Purchased by True Freedom Investing LLC

Key Points

• True Freedom Investing LLC purchased 67,047 Omnicom shares during the second quarter, valued at approximately $5.05 million. Institutional investors collectively own 91.97% of the company.
• Omnicom reported quarterly revenue of $6.56 billion, up 63.4% year over year, though earnings of $2.65 per share narrowly missed estimates. The stock opened at $87.87, near its 52-week high of $88.55.
• The company declared a quarterly dividend of $0.80, or $3.20 annualized, representing a 3.6% yield. Analysts’ average rating is Hold, with an average price target of $99.00.

True Freedom Investing LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 67,047 shares of the business services provider's stock, valued at approximately $5,049,000.

Several other large investors have also recently modified their holdings of OMC. Wakefield Asset Management LLLP lifted its stake in shares of Omnicom Group by 2.6% during 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. Caldwell Trust Co grew its stake in Omnicom Group by 29.0% in the 1st quarter. Caldwell Trust Co now owns 662 shares of the business services provider's stock valued at $50,000 after buying an additional 149 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in Omnicom Group by 39.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider's stock valued at $41,000 after buying an additional 153 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC raised its holdings 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 valued at $395,000 after acquiring an additional 167 shares during the period. Finally, Binnacle Investments Inc raised its holdings 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 valued at $81,000 after acquiring an additional 169 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

Omnicom Group stock opened at $87.87 on Friday. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $88.55. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $24.11 billion, a PE ratio of 75.75, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64. The firm's 50 day simple moving average is $80.34 and its 200 day simple moving average is $77.57.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). The firm had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.44 billion. Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The firm's revenue for the quarter was up 63.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. As a group, analysts expect that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th. Omnicom Group's dividend payout ratio (DPR) is 275.86%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group began coverage on Omnicom Group in a research report on Wednesday, June 3rd. They set a "buy" rating and a $146.00 target price on the stock. Zacks Research cut Omnicom Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 30th. Morgan Stanley increased their price objective on Omnicom Group from $82.00 to $83.00 and gave the stock an "equal weight" rating in a report on Friday, May 1st. Finally, Wells Fargo & Company raised their target price on Omnicom Group from $91.00 to $93.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average 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.

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