Traders Sell Omnicom Group (OMC) on Strength (OMC)
Investors sold shares of Omnicom Group Inc. (NYSE:OMC) on strength during trading hours on Friday. $21.14 million flowed into the stock on the tick-up and $188.71 million flowed out of the stock on the tick-down, for a money net flow of $167.57 million out of the stock. Of all companies tracked, Omnicom Group had the 0th highest net out-flow for the day. Omnicom Group traded up $1.26 for the day and closed at $70.90
Several brokerages have recently issued reports on OMC. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. ValuEngine upgraded shares of Omnicom Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of Omnicom Group in a research note on Thursday, July 19th. Finally, Royal Bank of Canada dropped their target price on shares of Omnicom Group to $75.00 and set a “$70.60” rating on the stock in a research note on Wednesday, July 18th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.73.
The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 2.27 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Friday, September 21st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, September 20th. This represents a $2.40 dividend on an annualized basis and a yield of 3.39%. Omnicom Group’s dividend payout ratio (DPR) is 47.06%.
In related news, Director Linda Johnson Rice sold 475 shares of the stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $70.02, for a total transaction of $33,259.50. Following the transaction, the director now owns 7,966 shares in the company, valued at $557,779.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 1,075 shares of company stock worth $74,289. 1.20% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of OMC. IFM Investors Pty Ltd raised its position in Omnicom Group by 10.8% in the first quarter. IFM Investors Pty Ltd now owns 7,353 shares of the business services provider’s stock worth $534,000 after acquiring an additional 719 shares during the period. Comerica Bank raised its position in Omnicom Group by 1.3% in the second quarter. Comerica Bank now owns 56,064 shares of the business services provider’s stock worth $3,963,000 after acquiring an additional 742 shares during the period. Blair William & Co. IL raised its position in Omnicom Group by 0.3% in the first quarter. Blair William & Co. IL now owns 268,745 shares of the business services provider’s stock worth $19,530,000 after acquiring an additional 768 shares during the period. BKD Wealth Advisors LLC raised its position in Omnicom Group by 3.3% in the second quarter. BKD Wealth Advisors LLC now owns 24,479 shares of the business services provider’s stock worth $1,867,000 after acquiring an additional 773 shares during the period. Finally, Boston Financial Mangement LLC raised its position in Omnicom Group by 25.9% in the second quarter. Boston Financial Mangement LLC now owns 3,813 shares of the business services provider’s stock worth $291,000 after acquiring an additional 785 shares during the period.
About Omnicom Group (NYSE:OMC)
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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