Stock Traders Buy High Volume of Call Options on Omnicom Group (OMC)
Omnicom Group Inc. (NYSE:OMC) saw some unusual options trading on Thursday. Stock traders bought 8,998 call options on the stock. This is an increase of 2,280% compared to the typical daily volume of 378 call options.
In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the transaction, the insider now owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda Johnson Rice sold 489 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the completion of the transaction, the director now directly owns 7,777 shares in the company, valued at approximately $577,986.64. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of OMC. Janus Henderson Group PLC raised its stake in shares of Omnicom Group by 15,279.3% in the second quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock worth $414,191,000 after buying an additional 4,963,787 shares during the period. Nordea Investment Management AB raised its stake in Omnicom Group by 501.5% during the 2nd quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock valued at $182,531,000 after purchasing an additional 1,835,749 shares during the period. First Eagle Investment Management LLC raised its stake in Omnicom Group by 12.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after purchasing an additional 1,671,452 shares during the period. Longview Partners Guernsey LTD raised its stake in Omnicom Group by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock valued at $418,769,000 after purchasing an additional 1,653,208 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in Omnicom Group by 115.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,236,008 shares of the business services provider’s stock valued at $102,465,000 after purchasing an additional 662,786 shares during the period.
OMC has been the topic of a number of recent research reports. Morgan Stanley downgraded Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 target price on the stock. in a report on Monday, October 16th. Argus raised Omnicom Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Credit Suisse Group lowered their target price on Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a report on Wednesday, October 11th. Zacks Investment Research downgraded Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Telsey Advisory Group raised Omnicom Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $86.00 to $89.00 in a report on Wednesday, October 18th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Omnicom Group has an average rating of “Hold” and an average price target of $84.36.
Omnicom Group (NYSE:OMC) opened at $75.92 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79. Omnicom Group has a 12 month low of $65.32 and a 12 month high of $87.43. The company has a market capitalization of $17,500.00, a PE ratio of 15.12, a PEG ratio of 2.02 and a beta of 1.23.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the company earned $1.06 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. research analysts expect that Omnicom Group will post 5.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $2.40 annualized dividend and a dividend yield of 3.16%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s dividend payout ratio (DPR) is 47.81%.
TRADEMARK VIOLATION WARNING: This article was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.watchlistnews.com/stock-traders-buy-high-volume-of-call-options-on-omnicom-group-omc/1808683.html.
About Omnicom Group
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.
Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with Analyst Ratings Network's FREE daily email newsletter.