International Value Advisers LLC purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 566,771 shares of the business services provider’s stock, valued at approximately $41,278,000. Omnicom Group comprises about 1.2% of International Value Advisers LLC’s investment portfolio, making the stock its 25th largest holding.
Several other hedge funds have also added to or reduced their stakes in OMC. Victory Capital Management Inc. raised its stake in shares of Omnicom Group by 367.3% during the third quarter. Victory Capital Management Inc. now owns 127,990 shares of the business services provider’s stock valued at $9,480,000 after acquiring an additional 100,601 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Omnicom Group by 47.5% during the third quarter. Prudential Financial Inc. now owns 478,517 shares of the business services provider’s stock valued at $35,444,000 after acquiring an additional 154,103 shares during the last quarter. Swiss National Bank raised its stake in shares of Omnicom Group by 0.3% during the third quarter. Swiss National Bank now owns 859,077 shares of the business services provider’s stock valued at $63,632,000 after acquiring an additional 2,200 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Omnicom Group by 17.0% during the third quarter. Bessemer Group Inc. now owns 79,986 shares of the business services provider’s stock valued at $5,925,000 after acquiring an additional 11,595 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its stake in shares of Omnicom Group by 3.9% during the third quarter. Hennessy Advisors Inc. now owns 23,800 shares of the business services provider’s stock valued at $1,763,000 after acquiring an additional 900 shares during the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.
In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $77.38, for a total value of $154,760.00. Following the completion of the sale, the treasurer now directly owns 42,561 shares in the company, valued at $3,293,370.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.
Shares of Omnicom Group Inc. (OMC) opened at $73.73 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.56. The company has a market cap of $16,977.63, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 2.27 and a beta of 1.15. Omnicom Group Inc. has a twelve month low of $65.32 and a twelve month high of $86.71.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company posted $1.47 earnings per share. equities analysts predict that Omnicom Group Inc. will post 5.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Friday, March 9th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Thursday, March 8th. Omnicom Group’s payout ratio is 51.72%.
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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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