3,250 Shares in Omnicom Group Inc. (OMC) Purchased by Aureus Asset Management LLC
Aureus Asset Management LLC acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,250 shares of the business services provider’s stock, valued at approximately $248,000.
Other hedge funds have also recently modified their holdings of the company. Evanston Investments Inc. dba Evanston Advisors grew its position in Omnicom Group by 1.0% in the 2nd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 119,128 shares of the business services provider’s stock worth $9,086,000 after purchasing an additional 1,176 shares in the last quarter. Mutual Advisors LLC bought a new position in shares of Omnicom Group during the 1st quarter valued at approximately $227,000. Unigestion Holding SA bought a new position in shares of Omnicom Group during the 2nd quarter valued at approximately $49,396,000. First Republic Investment Management Inc. grew its position in shares of Omnicom Group by 1.7% during the 1st quarter. First Republic Investment Management Inc. now owns 134,865 shares of the business services provider’s stock valued at $9,801,000 after acquiring an additional 2,226 shares during the period. Finally, Charles Schwab Investment Advisory Inc. bought a new position in shares of Omnicom Group during the 2nd quarter valued at approximately $227,088,000.
OMC has been the subject of a number of research reports. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. BMO Capital Markets reissued a “buy” rating and set a $85.00 target price on shares of Omnicom Group in a research report on Thursday, July 19th. Wells Fargo & Co reissued a “market perform” rating and set a $75.00 target price (down from $80.00) on shares of Omnicom Group in a research report on Tuesday, July 17th. ValuEngine downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Finally, Zacks Investment Research downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $78.08.
OMC opened at $67.99 on Wednesday. The company has a market capitalization of $15.55 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 2.21 and a beta of 1.08. Omnicom Group Inc. has a 12 month low of $65.32 and a 12 month high of $83.34. The company has a quick ratio of 0.78, a current ratio of 0.89 and a debt-to-equity ratio of 1.70.
Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 17th. The business services provider reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.88 billion. Omnicom Group had a net margin of 7.45% and a return on equity of 40.82%. Omnicom Group’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $1.40 EPS. equities analysts expect that Omnicom Group Inc. will post 5.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Friday, September 21st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.53%. The ex-dividend date is Thursday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is presently 47.06%.
About Omnicom Group
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.
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