Benjamin Edwards Inc. Sells 87,659 Shares of Omnicom Group Inc. $OMC

Benjamin Edwards Inc. reduced its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 72.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,870 shares of the business services provider's stock after selling 87,659 shares during the quarter. Benjamin Edwards Inc.'s holdings in Omnicom Group were worth $2,467,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of OMC. Elyxium Wealth LLC bought a new stake in Omnicom Group in the 4th quarter worth approximately $26,000. Legacy Wealth Managment LLC ID raised its position in Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider's stock worth $27,000 after purchasing an additional 176 shares during the period. EFG International AG bought a new stake in Omnicom Group in the fourth quarter worth $28,000. Keating Financial Advisory Services Inc. bought a new stake in Omnicom Group in the second quarter worth $25,000. Finally, Caitlin John LLC boosted its position in Omnicom Group by 4,675.0% during the fourth quarter. Caitlin John LLC now owns 382 shares of the business services provider's stock valued at $31,000 after buying an additional 374 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Insider Activity at Omnicom Group

In other news, Director Linda Johnson Rice sold 1,385 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $88.73, for a total value of $122,891.05. Following the completion of the sale, the director directly owned 11,719 shares of the company's stock, valued at approximately $1,039,826.87. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company's stock.

Omnicom Group Trading Down 0.7%

OMC opened at $87.67 on Tuesday. The business has a 50 day simple moving average of $82.01 and a two-hundred day simple moving average of $78.34. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 75.58, a PEG ratio of 0.59 and a beta of 0.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $89.57.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a yield of 3.7%. Omnicom Group's dividend payout ratio is 275.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on OMC shares. Citigroup reduced their price objective on Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Wells Fargo & Company boosted their target price on Omnicom Group from $91.00 to $93.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Zacks Research cut Omnicom Group from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. Weiss Ratings upgraded Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 30th. Finally, Rothschild & Co Redburn started coverage on Omnicom Group in a research note on Thursday, May 28th. They issued a "neutral" rating and a $89.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Omnicom Group has a consensus rating of "Hold" and a consensus price target 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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