Professional Advisory Services Inc. increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,439 shares of the business services provider’s stock after buying an additional 16,777 shares during the quarter. Omnicom Group accounts for approximately 2.9% of Professional Advisory Services Inc.’s holdings, making the stock its 21st largest holding. Professional Advisory Services Inc. owned 0.08% of Omnicom Group worth $13,651,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Omnicom Group by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 15,946,330 shares of the business services provider’s stock worth $1,321,951,000 after buying an additional 79,678 shares during the period. First Eagle Investment Management LLC raised its stake in Omnicom Group by 12.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock worth $1,118,541,000 after buying an additional 1,671,452 shares during the period. Pzena Investment Management LLC raised its stake in Omnicom Group by 6.1% during the 3rd quarter. Pzena Investment Management LLC now owns 6,343,295 shares of the business services provider’s stock worth $469,848,000 after buying an additional 364,309 shares during the period. Longview Partners Guernsey LTD raised its stake in Omnicom Group by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after buying an additional 1,653,208 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Omnicom Group by 15,279.3% during the 2nd quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock worth $414,191,000 after buying an additional 4,963,787 shares during the period.
OMC has been the subject of a number of research reports. Jefferies Group reiterated a “hold” rating and set a $82.00 target price on shares of Omnicom Group in a report on Thursday, September 21st. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Credit Suisse Group lowered their target price on Omnicom Group from $79.00 to $78.00 and set a “neutral” rating for the company in a report on Wednesday, October 11th. Morgan Stanley cut Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 target price for the company. in a report on Monday, October 16th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $85.00 target price on shares of Omnicom Group in a report on Wednesday, October 18th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.71.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. Omnicom Group’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 EPS. sell-side analysts anticipate that Omnicom Group Inc. will post 5.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 19th were issued a $0.60 dividend. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Monday, December 18th. This represents a $2.40 annualized dividend and a dividend yield of 3.16%. Omnicom Group’s dividend payout ratio (DPR) is presently 47.81%.
In other news, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the transaction, the insider now owns 21,271 shares in the company, valued at approximately $1,580,648.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.
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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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