Omnicom Group Inc. $OMC Shares Bought by Andra AP fonden

Key Points

• Andra AP fonden increased its Omnicom Group stake by 15.8% in the second quarter, purchasing 19,673 additional shares and bringing its holdings to 144,224 shares valued at approximately $10.5 million.
• Institutional investors and hedge funds own 91.97% of Omnicom’s stock, with major increases from Geode Capital Management, Goldman Sachs and Capital Research Global Investors. Director Linda Rice separately sold 1,385 shares.
• Analysts maintain a consensus “Hold” rating with a $99 target price, while Omnicom trades near $75.32. The company reported quarterly revenue growth of 63.4% year over year and announced a quarterly dividend of $0.80 per share, yielding about 4.2%.

Andra AP fonden increased its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 15.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 144,224 shares of the business services provider's stock after buying an additional 19,673 shares during the quarter. Andra AP fonden owned about 0.05% of Omnicom Group worth $10,504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of OMC. BlackRock Inc. acquired a new position in shares of Omnicom Group in the 2nd quarter valued at $2,082,476,000. Bank of New York Mellon Corp acquired a new position in Omnicom Group during the 2nd quarter worth approximately $914,156,000. Geode Capital Management LLC increased its holdings in shares of Omnicom Group by 57.1% in the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider's stock valued at $690,327,000 after acquiring an additional 3,117,188 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Omnicom Group by 89.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,106,022 shares of the business services provider's stock worth $493,061,000 after acquiring an additional 2,883,520 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Omnicom Group by 60.1% in the fourth quarter. Capital Research Global Investors now owns 4,691,101 shares of the business services provider's stock valued at $378,806,000 after buying an additional 1,760,469 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Rice sold 1,385 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $88.73, for a total transaction of $122,891.05. Following the transaction, the director owned 11,719 shares of the company's stock, valued at approximately $1,039,826.87. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OMC has been the subject of several recent research reports. Weiss Ratings raised Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 30th. Citigroup dropped their price objective on Omnicom Group from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Argus raised shares of Omnicom Group to a "hold" rating in a research report on Monday, September 14th. The Goldman Sachs Group started coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a "buy" rating and a $146.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on shares of Omnicom Group from $91.00 to $93.00 and gave the company an "overweight" 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 given a Sell rating to the stock. According to data from MarketBeat, Omnicom Group currently has a consensus rating of "Hold" and a consensus target price of $99.00.

Omnicom Group Trading Down 0.4%

Omnicom Group stock opened at $75.32 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. The firm's 50-day moving average is $82.85 and its 200-day moving average is $78.57. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $89.57. The company has a market cap of $20.66 billion, a P/E ratio of 64.93, a PEG ratio of 0.64 and a beta of 0.65.

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). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The company had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.44 billion. Omnicom Group's quarterly revenue was up 63.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 earnings per share. On average, equities analysts expect that Omnicom Group Inc. will post 10.5 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 annualized dividend and a yield of 4.2%. Omnicom Group's payout ratio is presently 275.86%.

Omnicom Group Profile

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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