Ethic Inc. Lowers Holdings in Omnicom Group Inc. $OMC

Key Points

• Ethic Inc. has reduced its stake in Omnicom Group Inc. by 20.0%, now holding 46,228 shares valued at approximately $3.69 million.
• Omnicom Group reported a 4.2% increase in quarterly revenue year-over-year, reaching $4.02 billion, and earnings per share of $2.05.
• The company declared a quarterly dividend of $0.70 per share, representing a yield of 3.7% and an annualized dividend of $2.80.

Ethic Inc. trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 20.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,228 shares of the business services provider's stock after selling 11,537 shares during the period. Ethic Inc.'s holdings in Omnicom Group were worth $3,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Robinson Value Management Ltd. lifted its position in shares of Omnicom Group by 0.4% in the first quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider's stock worth $2,837,000 after buying an additional 139 shares in the last quarter. Versant Capital Management Inc increased its stake in Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after acquiring an additional 143 shares during the last quarter. MGO One Seven LLC raised its holdings in shares of Omnicom Group by 3.2% during the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock worth $437,000 after acquiring an additional 157 shares in the last quarter. Mezzasalma Advisors LLC raised its holdings in shares of Omnicom Group by 3.1% during the 1st quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock worth $443,000 after acquiring an additional 159 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in shares of Omnicom Group by 0.8% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider's stock valued at $1,834,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 16th. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Barclays lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, Bank of America upgraded Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research report on Monday, June 23rd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $94.43.

Omnicom Group Trading Up 0.0%

NYSE OMC traded up $0.0170 during trading on Wednesday, hitting $77.6870. The stock had a trading volume of 3,242,306 shares, compared to its average volume of 3,638,904. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The stock has a 50 day simple moving average of $73.03 and a 200 day simple moving average of $76.25. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.51 and a beta of 0.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.03. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.Omnicom Group's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.95 EPS. Sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's dividend payout ratio (DPR) is currently 40.17%.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.