Delphi Management Inc. MA Raises Position in Omnicom Group Inc. (OMC)
Delphi Management Inc. MA boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,855 shares of the business services provider’s stock after buying an additional 2,538 shares during the quarter. Delphi Management Inc. MA’s holdings in Omnicom Group were worth $2,285,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of OMC. Parallel Advisors LLC increased its holdings in Omnicom Group by 8.7% during the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after buying an additional 104 shares during the period. Dupont Capital Management Corp purchased a new position in Omnicom Group during the second quarter valued at approximately $104,000. Acrospire Investment Management LLC purchased a new position in Omnicom Group during the second quarter valued at approximately $149,000. Eagle Ridge Investment Management purchased a new position in Omnicom Group during the third quarter valued at approximately $201,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Omnicom Group during the third quarter valued at approximately $205,000. 98.60% of the stock is currently owned by institutional investors.
OMC has been the topic of several research reports. Royal Bank of Canada set a $96.00 price objective on shares of Omnicom Group and gave the company a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Friday, October 13th. Argus raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. TheStreet lowered shares of Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $84.00.
Omnicom Group Inc. (NYSE OMC) traded down $0.80 during midday trading on Thursday, reaching $73.71. 2,019,300 shares of the company’s stock traded hands, compared to its average volume of 1,946,195. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a fifty-two week low of $65.32 and a fifty-two week high of $88.69. The stock has a market capitalization of $17,174.69, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.99 and a beta of 1.24.
Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 earnings per share. analysts forecast that Omnicom Group Inc. will post 5.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 18th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.26%. Omnicom Group’s payout ratio is 43.82%.
In other news, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the sale, the insider now directly owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the sale, the director now directly owns 7,777 shares in the company, valued at $577,986.64. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
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Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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