Omnicom Group Inc. (OMC) Director Linda Johnson Rice Sells 495 Shares

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Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 495 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $74.79, for a total value of $37,021.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of OMC stock opened at $75.05 on Thursday. The firm has a market capitalization of $16.77 billion, a P/E ratio of 13.05, a PEG ratio of 1.86 and a beta of 0.72. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 1.41. Omnicom Group Inc. has a 1 year low of $65.85 and a 1 year high of $79.66.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 12th. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.11. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.12 billion. Omnicom Group had a return on equity of 43.14% and a net margin of 8.67%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. Analysts forecast that Omnicom Group Inc. will post 5.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Investors of record on Monday, March 11th will be paid a $0.65 dividend. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 8th. This represents a $2.60 dividend on an annualized basis and a yield of 3.46%. Omnicom Group’s dividend payout ratio (DPR) is 41.74%.

A number of research firms have recently weighed in on OMC. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Friday, January 25th. Citigroup raised their target price on Omnicom Group from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. BMO Capital Markets reduced their target price on Omnicom Group from $84.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, February 13th. Finally, Macquarie set a $76.00 target price on Omnicom Group and gave the stock a “hold” rating in a research note on Thursday, February 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Omnicom Group currently has an average rating of “Hold” and a consensus target price of $75.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OMC. NuWave Investment Management LLC raised its stake in shares of Omnicom Group by 1,876.5% during the 4th quarter. NuWave Investment Management LLC now owns 336 shares of the business services provider’s stock valued at $25,000 after buying an additional 319 shares during the last quarter. Sontag Advisory LLC purchased a new position in shares of Omnicom Group during the 4th quarter valued at about $28,000. Eukles Asset Management purchased a new position in shares of Omnicom Group during the 4th quarter valued at about $29,000. Capital Financial Planning LLC purchased a new position in shares of Omnicom Group during the 4th quarter valued at about $30,000. Finally, JOYN Advisors Inc. raised its stake in shares of Omnicom Group by 47.2% during the 4th quarter. JOYN Advisors Inc. now owns 443 shares of the business services provider’s stock valued at $32,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 99.90% of the company’s stock.

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About Omnicom Group

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

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