National Pension Service Has $31.68 Million Position in Omnicom Group Inc. $OMC

Key Points

• National Pension Service reduced its Omnicom Group stake by 54.7% in the second quarter, selling 525,504 shares and retaining 434,979 shares valued at approximately $31.68 million. Institutional investors and hedge funds collectively own 91.97% of OMC.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $99 price target. Recent targets range from $89 to $146, while shares opened at $79.
• Omnicom reported quarterly revenue of $6.56 billion, exceeding estimates, though adjusted earnings of $2.65 per share fell slightly short. The company declared a quarterly dividend of $0.80 per share, representing a 4.1% yield.

National Pension Service cut its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 54.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 434,979 shares of the business services provider's stock after selling 525,504 shares during the quarter. National Pension Service owned approximately 0.16% of Omnicom Group worth $31,680,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of OMC. Capital Analysts LLC raised its holdings in shares of Omnicom Group by 1,590.4% during the second quarter. Capital Analysts LLC now owns 2,637 shares of the business services provider's stock valued at $192,000 after purchasing an additional 2,481 shares during the period. Community Bank N.A. grew its stake in shares of Omnicom Group by 6.0% in the 2nd quarter. Community Bank N.A. now owns 53,688 shares of the business services provider's stock valued at $3,910,000 after buying an additional 3,030 shares during the period. RFG Advisory LLC increased its position in Omnicom Group by 10.4% in the 2nd quarter. RFG Advisory LLC now owns 11,882 shares of the business services provider's stock valued at $865,000 after buying an additional 1,119 shares in the last quarter. NewEdge Advisors LLC increased its position in Omnicom Group by 2.2% in the 2nd quarter. NewEdge Advisors LLC now owns 58,299 shares of the business services provider's stock valued at $4,246,000 after buying an additional 1,259 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in Omnicom Group by 63.1% in the 2nd quarter. Squarepoint Ops LLC now owns 13,641 shares of the business services provider's stock valued at $993,000 after buying an additional 5,278 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OMC has been the topic of several recent research reports. The Goldman Sachs Group began coverage on Omnicom Group in a report on Wednesday, June 3rd. They issued a "buy" rating and a $146.00 price target on the stock. Citigroup decreased their price objective on Omnicom Group from $105.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Wells Fargo & Company upped their target price on Omnicom Group from $91.00 to $93.00 and gave the stock an "overweight" 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 report on Thursday, July 30th. Finally, Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They issued a "neutral" rating and a $89.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $99.00.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $79.00 on Friday. The stock has a market cap of $21.67 billion, a price-to-earnings ratio of 68.10, a PEG ratio of 0.68 and a beta of 0.65. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $89.57. The firm's 50-day simple moving average is $83.24 and its 200 day simple moving average is $78.90.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing analysts' consensus estimates of $2.67 by ($0.02). The company 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%.The business's revenue for the quarter was up 63.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. As a group, research analysts anticipate that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a yield of 4.1%. Omnicom Group's dividend payout ratio is 275.86%.

Insider Buying and Selling

In related news, Director Linda Rice sold 1,385 shares of the stock in a transaction on Monday, August 24th. The stock was 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 represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company's stock.

About Omnicom Group

Omnicom Group Inc NYSE: OMC is a global marketing and communications holding company. Through a network of agencies and specialized businesses, it provides advertising, branding, media planning and buying, public relations, customer relationship management, digital marketing, experiential marketing and healthcare communications services.

Omnicom's agency brands have included BBDO Worldwide, DDB Worldwide, TBWA\Worldwide, Omnicom Media Group, FleishmanHillard and Ketchum. These businesses serve clients across industries, including consumer products, healthcare, technology, financial services, automotive and telecommunications, helping organizations develop brand strategies, create campaigns and engage audiences through traditional and digital channels.

Omnicom was formed in 1986 through the merger of advertising companies BBDO, Doyle Dane Bernbach and Needham Harper Worldwide.

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