1 week Ago By ABMN Staff
Oregon Public Employees Retirement Fund lowered its position in Omnicom Group Inc. ( NYSE:OMC – Free Report ) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 16,785 shares of the business services provider’s stock after selling 111 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Omnicom Group were worth $1,506,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMC.
Boston Trust Walden Corp increased its stake in shares of Omnicom Group by 8.2% during the 2nd quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock worth $16,723,000 after purchasing an additional 14,153 shares during the last quarter.
Norden Group LLC bought a new position in Omnicom Group during the first quarter valued at about $1,860,000. Kodai Capital Management LP bought a new position in Omnicom Group during the fourth quarter valued at about $27,419,000. Morningstar Investment Services LLC lifted its position in shares of Omnicom Group by 98.
7% in the fourth quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock worth $104,037,000 after buying an additional 595,746 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in shares of Omnicom Group during the 1st quarter worth about $1,534,000.
Institutional investors own 91.97% of the company’s stock. Wall Street Analysts Forecast Growth Several brokerages have commented on OMC.
Bank of America increased their price target on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday.
Macquarie reiterated an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a report on Wednesday, July 17th. Finally, UBS Group upped their price target on shares of Omnicom Group from $117.
00 to $120.00 and gave the company a “buy” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company.
According to data from MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target of $106.30.
Omnicom Group Stock Performance OMC opened at $98.74 on Friday. The stock’s 50 day simple moving average is $94.
40 and its 200-day simple moving average is $93.22. The company has a current ratio of 0.
93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31.
The stock has a market cap of $19.34 billion, a PE ratio of 13.34, a P/E/G ratio of 2.
36 and a beta of 0.94. Omnicom Group Inc.
has a 1 year low of $72.20 and a 1 year high of $102.13.
Omnicom Group ( NYSE:OMC – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.
88 by $0.07. The firm had revenue of $3.
85 billion for the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a net margin of 9.
55% and a return on equity of 37.51%. The business’s revenue for the quarter was up 6.
8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 EPS.
Sell-side analysts forecast that Omnicom Group Inc. will post 7.95 EPS for the current year.
Omnicom Group Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.70 per share.
This represents a $2.80 dividend on an annualized basis and a yield of 2.84%.
The ex-dividend date is Friday, September 20th. Omnicom Group’s dividend payout ratio is 37.84%.
Insider Buying and Selling at Omnicom Group In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.
17, for a total value of $297,510.00. Following the completion of the transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.
75. The sale was disclosed in a legal filing with the SEC, which is available at this link . In other news, VP Rochelle M.
Tarlowe sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.
00. Following the sale, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, Director Linda Johnson Rice sold 488 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.
88, for a total transaction of $44,349.44. Following the sale, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.
28. The disclosure for this sale can be found here . Company insiders own 1.
30% of the company’s stock. Omnicom Group Company Profile ( Free Report ) Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.
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