Caisse DE Depot ET Placement DU Quebec lowered its position in Omnicom Group Inc. (NYSE:OMC) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,831 shares of the business services provider’s stock after selling 1,600 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Omnicom Group were worth $3,419,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Omnicom Group by 201.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,454 shares of the business services provider’s stock worth $111,000 after purchasing an additional 972 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of Omnicom Group by 239.8% in the first quarter. Stratos Wealth Partners LTD. now owns 1,672 shares of the business services provider’s stock worth $122,000 after purchasing an additional 1,180 shares during the period. Credit Agricole S A purchased a new position in Omnicom Group in the first quarter worth $151,000. Vigilant Capital Management LLC grew its position in Omnicom Group by 3,495.5% in the second quarter. Vigilant Capital Management LLC now owns 2,409 shares of the business services provider’s stock worth $184,000 after acquiring an additional 2,342 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in Omnicom Group in the second quarter worth $199,000.

NYSE OMC opened at $69.00 on Thursday. 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 Inc. has a 12-month low of $65.32 and a 12-month high of $83.34. The stock has a market cap of $15.68 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, July 17th. The business services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. Omnicom Group had a net margin of 7.45% and a return on equity of 40.82%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. sell-side analysts predict that Omnicom Group Inc. will post 5.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 10th. Shareholders of record on Friday, September 21st will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, September 20th. This represents a $2.40 annualized dividend and a yield of 3.48%. Omnicom Group’s payout ratio is 47.06%.

In other Omnicom Group news, Director Linda Johnson Rice sold 475 shares of the company’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $70.02, for a total transaction of $33,259.50. Following the completion of the sale, the director now directly owns 7,966 shares in the company, valued at $557,779.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 1,075 shares of company stock valued at $74,289. Company insiders own 1.20% of the company’s stock.

Several brokerages recently issued reports on OMC. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Omnicom Group in a research report on Thursday, July 19th. Wells Fargo & Co reiterated a “market perform” rating and issued a $75.00 target price (down from $80.00) on shares of Omnicom Group in a research report on Tuesday, July 17th. Royal Bank of Canada cut their target price on shares of Omnicom Group to $75.00 and set a “$70.60” rating for the company in a research report on Wednesday, July 18th. Finally, ValuEngine upgraded shares of Omnicom Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $78.08.

Omnicom Group Profile

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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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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