Comgest Global Investors S.A.S. boosted its position in Omnicom Group Inc. (NYSE:OMC) by 17.1% during the second quarter, Holdings Channel reports. The firm owned 159,200 shares of the company’s stock after buying an additional 23,200 shares during the period. Omnicom Group accounts for 0.4% of Comgest Global Investors S.A.S.’s holdings, making the stock its 23rd largest position. Comgest Global Investors S.A.S.’s holdings in Omnicom Group were worth $12,973,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in OMC. Meeder Asset Management Inc. purchased a new stake in Omnicom Group during the first quarter worth $110,000. Trust Department MB Financial Bank N A increased its stake in Omnicom Group by 6.0% in the second quarter. Trust Department MB Financial Bank N A now owns 1,768 shares of the company’s stock worth $123,000 after buying an additional 100 shares during the period. City Holding Co. increased its stake in Omnicom Group by 90.4% in the second quarter. City Holding Co. now owns 1,942 shares of the company’s stock worth $158,000 after buying an additional 922 shares during the period. Acrospire Investment Management LLC purchased a new stake in Omnicom Group during the first quarter worth $166,000. Finally, RMB Capital Management LLC purchased a new stake in Omnicom Group during the first quarter worth $200,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of Omnicom Group Inc. (NYSE:OMC) traded down 1.44% during mid-day trading on Thursday, hitting $84.05. 825,914 shares of the company were exchanged. Omnicom Group Inc. has a 12-month low of $64.44 and a 12-month high of $87.50. The firm has a market capitalization of $19.88 billion, a P/E ratio of 18.38 and a beta of 1.33. The company’s 50-day moving average price is $84.77 and its 200-day moving average price is $83.24.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Thursday, July 14th. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.03. The business earned $3.88 billion during the quarter, compared to the consensus estimate of $3.91 billion. Omnicom Group had a net margin of 7.26% and a return on equity of 38.56%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. Equities research analysts predict that Omnicom Group Inc. will post $4.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, September 22nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, September 20th. Omnicom Group’s payout ratio is 48.04%.
A number of equities research analysts recently weighed in on OMC shares. BMO Capital Markets reissued a “hold” rating and set a $80.00 target price on shares of Omnicom Group in a research report on Sunday, July 17th. Albert Fried & Company restated a “hold” rating and set a $85.00 price target on shares of Omnicom Group in a research note on Thursday, July 14th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Telsey Advisory Group raised their price target on shares of Omnicom Group from $79.00 to $86.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 20th. Finally, Credit Suisse Group AG began coverage on shares of Omnicom Group in a research note on Thursday, September 15th. They set a “neutral” rating and a $83.00 price target for the company. Eleven analysts have rated the stock with 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 target price of $81.00.
In other news, Director Linda Johnson Rice sold 824 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $84.55, for a total transaction of $69,669.20. Following the completion of the transaction, the director now owns 30,440 shares of the company’s stock, valued at $2,573,702. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
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.
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