WINTON GROUP Ltd Has $284,000 Position in Omnicom Group Inc. $OMC

Key Points

• WINTON GROUP Ltd cut its Omnicom Group position by 93.6% in the second quarter, leaving it with 3,900 shares valued at approximately $284,000. Institutional investors and hedge funds collectively own 91.97% of Omnicom’s stock.
• Omnicom reported quarterly revenue of $6.56 billion, up 63.4% year over year and above estimates, but earnings per share of $2.65 narrowly missed expectations. The stock opened at $78.63, below its 12-month high of $89.57.
• The company declared a quarterly dividend of $0.80 per share, representing a 4.1% annualized yield, while analysts maintain a consensus “Hold” rating with an average price target of $99.

WINTON GROUP Ltd lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 93.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,900 shares of the business services provider's stock after selling 57,482 shares during the period. WINTON GROUP Ltd's holdings in Omnicom Group were worth $284,000 at the end of the most recent quarter.

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

Omnicom Group Stock Down 0.9%

NYSE:OMC opened at $78.63 on Friday. The firm has a market capitalization of $21.57 billion, a price-to-earnings ratio of 67.79, a price-to-earnings-growth ratio of 0.67 and a beta of 0.65. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $89.57. The stock's 50 day moving average price is $83.21 and its two-hundred day moving average price is $78.77. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The company had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same period in the previous year, the company posted $2.05 EPS. The company's quarterly revenue was up 63.4% compared to the same quarter last year. Equities research analysts expect that Omnicom Group Inc. will post 10.5 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

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

Insider Transactions at Omnicom Group

In other Omnicom Group news, Director Linda Rice sold 1,385 shares of the stock in a transaction 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 sale, the director owned 11,719 shares in the company, valued at $1,039,826.87. This trade represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

OMC has been the topic of several research reports. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They issued a "neutral" rating and a $89.00 price objective on the stock. Weiss Ratings upgraded Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 30th. The Goldman Sachs Group initiated coverage on Omnicom Group in a research note on Wednesday, June 3rd. They issued a "buy" rating and a $146.00 price target on the stock. Zacks Research lowered Omnicom Group from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. Finally, Argus raised Omnicom Group to a "hold" rating in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $99.00.

Omnicom Group Company 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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