Vaughan David Investments LLC IL increased its stake in Omnicom Group Inc. (NYSE:OMC) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,849 shares of the business services provider’s stock after purchasing an additional 9,898 shares during the quarter. Vaughan David Investments LLC IL owned about 0.18% of Omnicom Group worth $30,784,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of OMC. E Fund Management Co. Ltd. acquired a new stake in Omnicom Group in the first quarter worth about $28,000. Heritage Wealth Advisors lifted its holdings in Omnicom Group by 185.2% in the second quarter. Heritage Wealth Advisors now owns 599 shares of the business services provider’s stock worth $37,000 after purchasing an additional 389 shares during the period. AGF Investments LLC lifted its holdings in Omnicom Group by 122.7% in the first quarter. AGF Investments LLC now owns 519 shares of the business services provider’s stock worth $38,000 after purchasing an additional 286 shares during the period. Arkadios Wealth Advisors lifted its holdings in Omnicom Group by 58.8% in the second quarter. Arkadios Wealth Advisors now owns 486 shares of the business services provider’s stock worth $38,000 after purchasing an additional 180 shares during the period. Finally, tru Independence LLC acquired a new stake in Omnicom Group in the second quarter worth about $47,000. 90.39% of the stock is owned by institutional investors and hedge funds.
OMC stock traded down $1.28 during mid-day trading on Monday, reaching $71.81. 21,359 shares of the stock traded hands, compared to its average volume of 1,739,425. The company has a current ratio of 1.00, a quick ratio of 0.92 and a debt-to-equity ratio of 1.38. Omnicom Group Inc. has a 52-week low of $44.50 and a 52-week high of $86.38. The company has a market cap of $15.40 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.43 and a beta of 0.92. The stock’s fifty day moving average is $73.82 and its 200-day moving average is $77.78.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 12th. Shareholders of record on Tuesday, September 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Monday, September 20th. Omnicom Group’s dividend payout ratio is presently 55.45%.
Several research firms recently weighed in on OMC. Morgan Stanley reduced their price objective on shares of Omnicom Group from $79.00 to $76.00 and set an “underweight” rating for the company in a report on Wednesday, July 21st. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Thursday, July 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $76.50.
Omnicom Group Profile
Omnicom Group, Inc is a holding company, which engages in the management and provision of advertising agencies. The firm offers marketing and corporate communications services. Its agency networks operates in the advertising, marketing, and corporate communications services industry, which are organized into regions, such as the Americas, EMEA and Asia-Pacific.
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