Savant Capital LLC Raises Position in Omnicom Group Inc. (OMC)
Savant Capital LLC raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,790 shares of the business services provider’s stock after buying an additional 139 shares during the period. Savant Capital LLC’s holdings in Omnicom Group were worth $231,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Omnicom Group by 3,091.8% in the first quarter. BlackRock Inc. now owns 17,041,057 shares of the business services provider’s stock worth $1,469,108,000 after buying an additional 16,507,161 shares in the last quarter. Beutel Goodman & Co Ltd. purchased a new position in Omnicom Group during the second quarter worth approximately $153,358,000. Morgan Stanley increased its position in Omnicom Group by 268.1% in the first quarter. Morgan Stanley now owns 1,639,312 shares of the business services provider’s stock worth $141,325,000 after buying an additional 1,194,001 shares in the last quarter. WINTON GROUP Ltd increased its position in Omnicom Group by 769.0% in the first quarter. WINTON GROUP Ltd now owns 710,764 shares of the business services provider’s stock worth $60,415,000 after buying an additional 628,969 shares in the last quarter. Finally, Epoch Investment Partners Inc. purchased a new position in Omnicom Group during the first quarter worth approximately $47,259,000. Institutional investors own 98.02% of the company’s stock.
Shares of Omnicom Group Inc. (NYSE:OMC) opened at 78.29 on Wednesday. The company has a market cap of $18.07 billion, a PE ratio of 15.81 and a beta of 1.25. The firm’s 50-day moving average price is $80.52 and its 200-day moving average price is $83.25. Omnicom Group Inc. has a 12 month low of $77.50 and a 12 month high of $89.66.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.02. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.74 billion. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 EPS. Equities analysts predict that Omnicom Group Inc. will post $5.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s dividend payout ratio (DPR) is 44.44%.
A number of equities analysts recently commented on OMC shares. Wedbush dropped their price objective on Omnicom Group from $90.00 to $89.00 and set a “neutral” rating on the stock in a report on Wednesday, April 19th. Barclays PLC restated a “hold” rating and issued a $86.00 price objective on shares of Omnicom Group in a report on Thursday, April 20th. Zacks Investment Research downgraded Omnicom Group from a “hold” rating to a “sell” rating in a report on Friday, April 21st. Royal Bank Of Canada set a $96.00 price objective on Omnicom Group and gave the stock a “buy” rating in a report on Saturday, May 20th. Finally, Macquarie downgraded Omnicom Group from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $83.00 in a report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.00.
In other Omnicom Group news, Director Linda Johnson Rice sold 483 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of the business’s stock in a transaction that occurred 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 transaction, the treasurer now directly owns 44,161 shares in the company, valued at approximately $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 in the last ninety days. 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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