Omnicom Group Inc. (NYSE:OMC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,494 shares of the business services provider’s stock after selling 1,164 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Omnicom Group were worth $2,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC grew its position in shares of Omnicom Group by 1,805.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 307 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. KB Financial Partners LLC grew its position in shares of Omnicom Group by 1,326.1% in the second quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 305 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Omnicom Group in the third quarter valued at approximately $25,000. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of Omnicom Group in the second quarter valued at approximately $45,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $92.62 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.16. The company has a market cap of $18.26 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.21 and a beta of 0.97. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The firm’s 50 day moving average is $91.51 and its two-hundred day moving average is $85.32.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%. Omnicom Group’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 earnings per share. Analysts expect that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

Several analysts have recently commented on OMC shares. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Thursday, March 28th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $91.00 to $106.00 in a research note on Wednesday. UBS Group assumed coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group 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.