Cascade Investment Advisors Inc. Has $1.52 Million Stake in Omnicom Group Inc. (OMC)

Cascade Investment Advisors Inc. increased its position in Omnicom Group Inc. (NYSE:OMC) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,815 shares of the business services provider’s stock after buying an additional 3,040 shares during the period. Omnicom Group comprises 1.2% of Cascade Investment Advisors Inc.’s portfolio, making the stock its 28th largest holding. Cascade Investment Advisors Inc.’s holdings in Omnicom Group were worth $1,516,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Security National Bank of Sioux City Iowa IA raised its position in shares of Omnicom Group by 0.3% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after buying an additional 35 shares during the last quarter. Security National Bank of SO Dak grew its holdings in Omnicom Group by 1.0% in the second quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock valued at $825,000 after purchasing an additional 100 shares during the period. Zacks Investment Management grew its holdings in Omnicom Group by 1.4% in the second quarter. Zacks Investment Management now owns 8,444 shares of the business services provider’s stock valued at $700,000 after purchasing an additional 114 shares during the period. Bontempo Ohly Capital Mgmt LLC grew its holdings in Omnicom Group by 0.7% in the second quarter. Bontempo Ohly Capital Mgmt LLC now owns 22,684 shares of the business services provider’s stock valued at $1,881,000 after purchasing an additional 152 shares during the period. Finally, Thrivent Financial For Lutherans grew its holdings in Omnicom Group by 2.1% in the second quarter. Thrivent Financial For Lutherans now owns 8,820 shares of the business services provider’s stock valued at $731,000 after purchasing an additional 180 shares during the period.

Omnicom Group Inc. (NYSE OMC) traded up $1.18 on Wednesday, reaching $75.50. 1,387,849 shares of the company’s stock traded hands, compared to its average volume of 2,207,536. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a 12 month low of $65.32 and a 12 month high of $87.43. The stock has a market capitalization of $17,130.00, a P/E ratio of 15.04, a P/E/G ratio of 2.02 and a beta of 1.23.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. Omnicom Group’s revenue for the quarter was down 1.9% on a year-over-year basis. equities research analysts anticipate that Omnicom Group Inc. will post 5.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 19th were paid a dividend of $0.60 per share. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 3.18%. The ex-dividend date was Monday, December 18th. Omnicom Group’s payout ratio is currently 47.81%.

In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the sale, the insider now directly owns 21,271 shares in the company, valued at $1,580,648.01. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the sale, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on OMC shares. Credit Suisse Group lowered their target price on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating for the company in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Argus upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Macquarie downgraded shares of Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 target price for the company. in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada lowered their target price on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a report on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Omnicom Group presently has an average rating of “Hold” and a consensus price target of $84.36.

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Omnicom Group Company Profile

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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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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