Omnicom Group Inc. $OMC Shares Sold by National Pension Service

Key Points

• National Pension Service has significantly reduced its stake in Omnicom Group, lowering its holdings by 80.0% during the first quarter, now owning 79,692 shares valued at approximately $6.61 million.
• Omnicom Group reported a quarterly earnings per share of $2.05, exceeding analyst expectations and showing a 4.2% year-over-year revenue increase with total revenue of $4.02 billion.
• The company declared a quarterly dividend of $0.70 per share, with a dividend yield of 3.7%, reflecting a payout ratio of 40.17%.

National Pension Service reduced its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 80.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,692 shares of the business services provider's stock after selling 319,026 shares during the period. National Pension Service's holdings in Omnicom Group were worth $6,607,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Robinson Value Management Ltd. raised its stake 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 valued at $2,837,000 after acquiring an additional 139 shares in the last quarter. Versant Capital Management Inc grew its holdings in Omnicom Group by 45.7% during 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 in the last quarter. MGO One Seven LLC grew its holdings in 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 grew its holdings in 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 grew its holdings in 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 worth $1,834,000 after acquiring an additional 165 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

Shares of Omnicom Group stock traded up $2.08 during trading on Friday, reaching $79.56. The company's stock had a trading volume of 1,136,061 shares, compared to its average volume of 3,618,685. The company has a 50-day moving average price of $73.24 and a two-hundred day moving average price of $76.19. The firm has a market cap of $15.41 billion, a PE ratio of 11.41, a P/E/G ratio of 1.54 and a beta of 0.94. 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 current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. 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. Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Barclays lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company cut their target price on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.43.

Omnicom Group 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.