Savant Capital LLC decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,629 shares of the company’s stock after selling 150 shares during the period. Savant Capital LLC’s holdings in Omnicom Group were worth $214,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Omnicom Group during the first quarter valued at approximately $110,000. Trust Department MB Financial Bank N A increased its position 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 valued at $123,000 after buying an additional 100 shares during the last quarter. City Holding Co. increased its position in Omnicom Group by 90.4% in the second quarter. City Holding Co. now owns 1,942 shares of the company’s stock valued at $158,000 after buying an additional 922 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in Omnicom Group during the first quarter valued at approximately $166,000. Finally, RMB Capital Management LLC purchased a new position in Omnicom Group during the first quarter valued at approximately $200,000. Institutional investors and hedge funds own 97.04% of the company’s stock.
Omnicom Group Inc. (NYSE:OMC) traded down 0.99% during mid-day trading on Friday, hitting $82.24. The stock had a trading volume of 1,837,949 shares. The firm has a 50-day moving average of $84.69 and a 200-day moving average of $83.39. The stock has a market cap of $19.45 billion, a P/E ratio of 17.99 and a beta of 1.35. Omnicom Group Inc. has a 52-week low of $66.48 and a 52-week high of $87.50.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Thursday, July 14th. The company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. Omnicom Group had a return on equity of 38.56% and a net margin of 7.26%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the company earned $1.26 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Omnicom Group Inc. will post $4.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, September 22nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, September 20th. Omnicom Group’s dividend payout ratio is currently 48.04%.
Several research analysts have commented on the company. BMO Capital Markets restated a “hold” rating and set a $80.00 price objective on shares of Omnicom Group in a report on Sunday, July 17th. Royal Bank Of Canada assumed coverage on Omnicom Group in a report on Friday. They set a “sector perform” rating and a $87.00 price objective on the stock. RBC Capital Markets assumed coverage on Omnicom Group in a report on Thursday. They set a “sector perform” rating on the stock. Zacks Investment Research downgraded Omnicom Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Finally, Albert Fried & Company restated a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a report on Thursday, July 14th. Twelve analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.31.
In related news, Director Linda Johnson Rice sold 824 shares of the business’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 in the company, valued at $2,573,702. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.
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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