Meiji Yasuda Life Insurance Co Has $580,000 Position in Omnicom Group Inc. (NYSE:OMC)

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Meiji Yasuda Life Insurance Co lessened its position in Omnicom Group Inc. (NYSE:OMC) by 9.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,945 shares of the business services provider’s stock after selling 789 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Omnicom Group were worth $580,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in Omnicom Group by 4.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 478,590 shares of the business services provider’s stock valued at $32,554,000 after acquiring an additional 20,030 shares during the last quarter. Vanguard Group Inc boosted its stake in Omnicom Group by 24.9% during the 3rd quarter. Vanguard Group Inc now owns 21,216,134 shares of the business services provider’s stock valued at $1,443,122,000 after acquiring an additional 4,228,195 shares during the last quarter. First Mercantile Trust Co. boosted its stake in Omnicom Group by 50.0% during the 4th quarter. First Mercantile Trust Co. now owns 1,260 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 420 shares during the last quarter. Transamerica Financial Advisors Inc. boosted its stake in Omnicom Group by 345.1% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 543 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 421 shares during the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in Omnicom Group during the 4th quarter valued at $33,000.

A number of research analysts have commented on OMC shares. Barclays upgraded shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $76.00 to $84.00 in a research note on Wednesday, April 17th. Macquarie set a $76.00 price objective on shares of Omnicom Group and gave the company a “hold” rating in a research note on Thursday, February 14th. Citigroup increased their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Finally, BMO Capital Markets increased their price objective on shares of Omnicom Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $77.33.

In other Omnicom Group news, CEO Jonathan B. Nelson sold 4,916 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $84.22, for a total transaction of $414,025.52. Following the sale, the chief executive officer now directly owns 83,858 shares of the company’s stock, valued at $7,062,520.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John Wren sold 60,541 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $79.84, for a total transaction of $4,833,593.44. The disclosure for this sale can be found here. Insiders have sold 70,354 shares of company stock worth $5,642,219 over the last three months. 1.10% of the stock is owned by corporate insiders.

Shares of NYSE:OMC traded up $0.14 on Thursday, reaching $79.94. 635,636 shares of the company’s stock were exchanged, compared to its average volume of 1,559,904. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 2.83 and a beta of 0.69. Omnicom Group Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $84.35. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.79 and a current ratio of 0.88.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.09. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Omnicom Group had a net margin of 8.76% and a return on equity of 44.01%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 earnings per share. Sell-side analysts expect that Omnicom Group Inc. will post 5.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.25%. Omnicom Group’s dividend payout ratio (DPR) is 45.22%.

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Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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

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