Shelton Capital Management Sells 126,760 Shares of Omnicom Group Inc. $OMC

Shelton Capital Management reduced its position in Omnicom Group Inc. (NYSE:OMC) by 55.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,204 shares of the business services provider’s stock after selling 126,760 shares during the quarter. Shelton Capital Management owned 0.05% of Omnicom Group worth $7,425,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its holdings in Omnicom Group by 3.5% during the second quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock worth $6,067,000 after buying an additional 2,855 shares during the period. Defender Capital LLC. bought a new stake in Omnicom Group during the second quarter valued at about $360,000. Vanguard Group Inc. grew its stake in Omnicom Group by 1.5% in the second quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock valued at $1,712,993,000 after purchasing an additional 344,652 shares during the last quarter. J2 Capital Management Inc purchased a new position in Omnicom Group in the second quarter valued at about $383,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Omnicom Group by 42.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock valued at $245,909,000 after buying an additional 887,415 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OMC shares. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Barclays lifted their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and an average price target of $96.57.

Omnicom Group Stock Up 0.5%

OMC stock opened at $72.00 on Tuesday. The company has a market capitalization of $13.89 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $105.49. The firm’s fifty day simple moving average is $75.82 and its 200-day simple moving average is $74.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter last year, the company posted $2.03 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be issued a $0.80 dividend. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, December 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.4%. Omnicom Group’s payout ratio is presently 47.27%.

About Omnicom Group

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.