Omnicom Group Inc. (NYSE:OMC) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its position in Omnicom Group Inc. (NYSE:OMC) by 42.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,171 shares of the business services provider’s stock after selling 6,092 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Omnicom Group were worth $707,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in Omnicom Group by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider’s stock worth $353,437,000 after acquiring an additional 374,874 shares during the period. Boston Partners boosted its holdings in Omnicom Group by 21.7% in the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock worth $277,726,000 after buying an additional 664,800 shares during the last quarter. Lazard Asset Management LLC increased its stake in Omnicom Group by 98.3% during the 3rd quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock worth $225,842,000 after buying an additional 1,503,249 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Omnicom Group by 13.2% during the third quarter. Northern Trust Corp now owns 2,590,980 shares of the business services provider’s stock valued at $192,976,000 after acquiring an additional 301,927 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Omnicom Group by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,855,879 shares of the business services provider’s stock valued at $160,557,000 after acquiring an additional 78,215 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Trading Up 0.3 %

OMC opened at $95.26 on Thursday. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The business has a fifty day simple moving average of $94.18 and a 200-day simple moving average of $88.66. The firm has a market cap of $18.65 billion, a P/E ratio of 12.87, a P/E/G ratio of 2.21 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.15. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. On average, equities analysts expect that Omnicom Group Inc. will post 7.84 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OMC shares. Moffett Nathanson increased their price objective on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. Finally, Macquarie upped their target price on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.40.

Insider Buying and Selling

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total value of $41,984.04. Following the completion of the transaction, the director now owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by insiders.

Omnicom Group Company Profile

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.