NYSE:OMC - Free Report ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,740 shares of the business services provider's stock, valued at approximately $843,000.
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Several other hedge funds also recently bought and sold shares of the business. HHM Wealth Advisors LLC purchased a new stake in shares of Omnicom Group in the 4th quarter worth $26,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider's stock worth $28,000 after buying an additional 125 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Omnicom Group in the 3rd quarter worth $25,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Omnicom Group in the 3rd quarter worth $38,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Omnicom Group by 116.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider's stock worth $52,000 after purchasing an additional 323 shares during the last quarter. Institutional investors own 91.97% of the company's stock.
Omnicom Group Stock Performance Shares of NYSE:OMC traded up $1.53 during trading on Tuesday, hitting $94.72. 1,864,494 shares of the stock traded hands, compared to its average volume of 1,650,534. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The company has a market cap of $18.55 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 2.18 and a beta of 0.96. The company has a fifty day moving average price of $93.12 and a two-hundred day moving average price of $87.14. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23.
Omnicom Group (NYSE:OMC - Get Free Report ) last issued its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 EPS. As a group, equities analysts predict that Omnicom Group Inc. will post 7.81 EPS for the current year.
Omnicom Group Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.96%. Omnicom Group's payout ratio is presently 37.84%.
Wall Street Analysts Forecast Growth Several research firms have issued reports on OMC. StockNews.com upgraded Omnicom Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 18th. Barclays raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $100.00 to $110.00 in a research report on Tuesday. Macquarie lifted their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, April 2nd. UBS Group started coverage on Omnicom Group in a report on Thursday, January 11th. They set a "buy" rating and a $117.00 price objective for the company. Finally, BNP Paribas upgraded Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 target price on the stock in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $104.40.
Check Out Our Latest Stock Report on OMC
Insider Buying and Selling In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of Omnicom Group stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the sale, the director now owns 9,830 shares of the company's stock, valued at approximately $911,044.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website . 1.30% of the stock is owned by insiders.
About Omnicom Group (
Free Report )
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.
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