Greenleaf Trust boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,565 shares of the business services provider’s stock after buying an additional 187 shares during the period. Greenleaf Trust’s holdings in Omnicom Group were worth $710,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of OMC. BlackRock Inc. increased its position in Omnicom Group by 3,091.8% in the first quarter. BlackRock Inc. now owns 17,041,057 shares of the business services provider’s stock valued at $1,469,108,000 after buying an additional 16,507,161 shares during the last quarter. Beutel Goodman & Co Ltd. acquired a new position in Omnicom Group during the second quarter valued at approximately $153,358,000. Morgan Stanley increased its position in Omnicom Group by 268.1% in the first quarter. Morgan Stanley now owns 1,639,312 shares of the business services provider’s stock valued at $141,325,000 after buying an additional 1,194,001 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of Omnicom Group by 769.0% in the first quarter. WINTON GROUP Ltd now owns 710,764 shares of the business services provider’s stock valued at $60,415,000 after buying an additional 628,969 shares in the last quarter. Finally, Epoch Investment Partners Inc. acquired a new stake in shares of Omnicom Group during the first quarter valued at about $47,259,000. 98.02% of the stock is owned by hedge funds and other institutional investors.
Shares of Omnicom Group Inc. (OMC) traded up 0.81% during trading on Monday, hitting $78.38. 443,131 shares of the stock traded hands. The firm has a 50-day moving average of $80.76 and a 200-day moving average of $83.41. Omnicom Group Inc. has a 1-year low of $77.50 and a 1-year high of $89.66. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of 15.83 and a beta of 1.25.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the business posted $1.36 EPS. The business’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities analysts forecast that Omnicom Group Inc. will post $5.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, September 21st. Omnicom Group’s payout ratio is currently 44.44%.
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Several equities research analysts have recently issued reports on OMC shares. Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the company a “buy” rating in a research report on Saturday, May 20th. Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Friday, July 14th. Barclays PLC reiterated a “hold” rating and issued a $86.00 target price on shares of Omnicom Group in a research note on Thursday, April 20th. Jefferies Group LLC restated a “hold” rating and set a $82.00 price target on shares of Omnicom Group in a research note on Friday, July 14th. Finally, Wells Fargo & Company reiterated a “hold” rating and issued a $84.00 target price on shares of Omnicom Group in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.00.
In related news, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the sale, the treasurer now directly owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Bruce Crawford sold 22,800 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the sale, the chairman now directly owns 105,250 shares in the company, valued at $8,936,777.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,183 shares of company stock worth $2,046,845. Insiders own 1.10% of the company’s stock.
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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