Omnicom Group Inc. $OMC Shares Sold by Nissay Asset Management Corp Japan ADV

Key Points

• Nissay Asset Management Corp Japan ADV has reduced its stake in Omnicom Group Inc. by 12.5%, selling 4,324 shares and holding 30,143 shares valued at $2.5 million.
• Omnicom Group recently announced a quarterly dividend of $0.70, representing a 3.5% dividend yield and a payout ratio of 40.17%.
• Analysts have a consensus rating of "Moderate Buy" for Omnicom Group, with a current target price of $94.43.

Nissay Asset Management Corp Japan ADV lessened its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,143 shares of the business services provider's stock after selling 4,324 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Omnicom Group were worth $2,499,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zions Bancorporation National Association UT purchased a new stake in shares of Omnicom Group in the 1st quarter valued at $34,000. Gen Wealth Partners Inc acquired a new stake in shares of Omnicom Group in the first quarter valued at $36,000. Versant Capital Management Inc raised its stake in shares of Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after acquiring an additional 143 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after acquiring an additional 404 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of Omnicom Group by 230.2% in the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock valued at $41,000 after acquiring an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Down 0.9%

Omnicom Group stock traded down $0.70 during midday trading on Friday, reaching $77.14. The company's stock had a trading volume of 3,292,519 shares, compared to its average volume of 3,022,477. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The company has a market cap of $14.94 billion, a P/E ratio of 11.07, a P/E/G ratio of 1.54 and a beta of 0.97. The business has a 50-day simple moving average of $75.31 and a 200-day simple moving average of $75.61.

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

Omnicom Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OMC shares. Wells Fargo & Company reduced their price objective on 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. Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. 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 note on Monday, June 23rd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $94.43.

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.