Livforsakringsbolaget Skandia Omsesidigt Purchases New Shares in Omnicom Group Inc. $OMC

Key Points

• Livforsakringsbolaget Skandia Omsesidigt acquired 110,118 Omnicom shares worth approximately $8.1 million in the second quarter. Institutional investors collectively own 91.97% of the company.
• Omnicom reported quarterly revenue of $6.56 billion, up 63.4% year over year, but earnings per share of $2.65 fell slightly short of analysts’ $2.67 estimate.
• The company declared a quarterly dividend of $0.80 per share, equating to a 3.6% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $99, compared with the stock’s reported $88.32 price.

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 110,118 shares of the business services provider's stock, valued at approximately $8,093,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pure Financial Advisors LLC raised its position in shares of Omnicom Group by 3.1% during the 2nd quarter. Pure Financial Advisors LLC now owns 4,464 shares of the business services provider's stock valued at $325,000 after buying an additional 135 shares in the last quarter. Wakefield Asset Management LLLP grew its position in Omnicom Group by 2.6% in the fourth quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider's stock worth $477,000 after acquiring an additional 149 shares in the last quarter. Caldwell Trust Co grew its position in Omnicom Group by 29.0% in the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider's stock worth $50,000 after acquiring an additional 149 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in Omnicom Group by 39.1% during the first quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider's stock worth $41,000 after acquiring an additional 153 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC increased its stake in Omnicom Group by 3.5% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider's stock worth $395,000 after acquiring an additional 167 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Johnson Rice sold 1,385 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 11,719 shares of the company's stock, valued at $1,039,826.87. This trade represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company's stock.

Omnicom Group Stock Up 0.5%

Shares of NYSE:OMC opened at $88.32 on Friday. The firm has a market capitalization of $24.23 billion, a PE ratio of 76.14, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64. The business has a 50 day simple moving average of $81.71 and a two-hundred day simple moving average of $78.19. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $89.57. 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 (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.02). The business had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.Omnicom Group's revenue was up 63.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 earnings per share. On average, equities analysts predict that Omnicom Group Inc. will post 10.35 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th. Omnicom Group's dividend payout ratio is currently 275.86%.

Wall Street Analyst Weigh In

OMC has been the subject of several analyst reports. Morgan Stanley raised their price objective on Omnicom Group from $82.00 to $83.00 and gave the company an "equal weight" rating in a research note on Friday, May 1st. Citigroup decreased their price target on Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Rothschild & Co Redburn started coverage on Omnicom Group in a research report on Thursday, May 28th. They issued a "neutral" rating and a $89.00 price target for the company. Weiss Ratings raised shares of Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 30th. Finally, Zacks Research cut shares of Omnicom Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $99.00.

About Omnicom Group

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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