Community Bank N.A. Raises Stake in Omnicom Group Inc. (NYSE:OMC)

Community Bank N.A. grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.9% in the fourth quarter, Holdings Channel reports. The firm owned 44,730 shares of the business services provider’s stock after acquiring an additional 1,270 shares during the period. Community Bank N.A.’s holdings in Omnicom Group were worth $3,870,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its stake in shares of Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period. OFI Invest Asset Management bought a new stake in shares of Omnicom Group in the third quarter valued at about $25,000. Ronald Blue Trust Inc. raised its holdings in shares of Omnicom Group by 64.4% in the third quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 199 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new stake in shares of Omnicom Group in the third quarter valued at about $38,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Omnicom Group by 116.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 323 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. UBS Group assumed coverage on Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price objective for the company. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Moffett Nathanson lifted their price objective on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.40.

Insider Activity

In related news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the sale, the director now owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Stock Up 1.9 %

Shares of OMC traded up $1.76 during mid-day trading on Wednesday, hitting $95.98. 2,167,130 shares of the company traded hands, compared to its average volume of 1,654,403. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23. 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 capitalization of $18.80 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 2.20 and a beta of 0.97. The business has a 50 day moving average of $92.04 and a 200 day moving average of $85.85.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 2.92%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Omnicom Group Company 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.