Omnicom Group Inc. (OMC) Shares Bought by Cambridge Investment Research Advisors Inc.
Cambridge Investment Research Advisors Inc. increased its position in Omnicom Group Inc. (NYSE:OMC) by 14.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,211 shares of the business services provider’s stock after buying an additional 4,435 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Omnicom Group were worth $2,919,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new stake in Omnicom Group during the fourth quarter worth about $306,000. Strs Ohio increased its stake in Omnicom Group by 2.6% in the first quarter. Strs Ohio now owns 8,765 shares of the business services provider’s stock worth $755,000 after buying an additional 222 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Omnicom Group by 5.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,206 shares of the business services provider’s stock worth $1,655,000 after buying an additional 1,025 shares during the last quarter. Verity & Verity LLC increased its stake in Omnicom Group by 4.3% in the first quarter. Verity & Verity LLC now owns 66,834 shares of the business services provider’s stock worth $5,762,000 after buying an additional 2,743 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Omnicom Group during the first quarter worth about $3,467,000. Institutional investors own 98.68% of the company’s stock.
Omnicom Group Inc. (NYSE:OMC) opened at 72.83 on Wednesday. Omnicom Group Inc. has a 1-year low of $72.61 and a 1-year high of $89.66. The firm has a market capitalization of $16.81 billion, a price-to-earnings ratio of 14.71 and a beta of 1.25. The company has a 50-day moving average of $79.00 and a 200-day moving average of $82.71. Omnicom Group also saw unusually large options trading on Tuesday. Stock traders bought 6,021 put options on the company. This represents an increase of 638% compared to the average volume of 816 put options.
Omnicom Group (NYSE:OMC) last released its earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.02. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 EPS. On average, equities analysts predict that Omnicom Group Inc. will post $5.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s payout ratio is 44.44%.
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OMC has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the stock a “buy” rating in a research report on Saturday, May 20th. Macquarie downgraded shares of Omnicom Group from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $83.00 in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. BidaskClub downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $79.00 target price (down previously from $81.00) on shares of Omnicom Group in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $86.00.
In other news, Director Linda Johnson Rice sold 483 shares of Omnicom Group stock in a transaction on Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the sale, the director now directly owns 7,724 shares in the company, valued at approximately $634,835.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of Omnicom Group stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total value of $71,199.00. Following the sale, the treasurer now owns 44,161 shares in the company, valued at $3,493,576.71. The disclosure for this sale can be found here. Insiders have sold a total of 24,183 shares of company stock worth $2,046,845 over the last quarter. Company insiders own 1.10% of the company’s stock.
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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