LRI Investments LLC Reduces Stake in Omnicom Group Inc. (NYSE:OMC)

LRI Investments LLC trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 16.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,329 shares of the business services provider’s stock after selling 458 shares during the quarter. LRI Investments LLC’s holdings in Omnicom Group were worth $209,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Marino Stram & Associates LLC increased its holdings in shares of Omnicom Group by 1.0% during the 1st quarter. Marino Stram & Associates LLC now owns 11,613 shares of the business services provider’s stock worth $1,124,000 after buying an additional 110 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in Omnicom Group by 2.9% during the first quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock worth $413,000 after acquiring an additional 119 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Omnicom Group by 18.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock worth $70,000 after purchasing an additional 119 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Omnicom Group by 2.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock worth $594,000 after purchasing an additional 122 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its stake in shares of Omnicom Group by 2.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 124 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the sale, the director now owns 10,356 shares of the company’s stock, valued at $941,153.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Price Performance

OMC opened at $98.46 on Friday. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $99.08. The firm has a market cap of $19.28 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 2.24 and a beta of 0.95. 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 company has a fifty day simple moving average of $92.56 and a 200 day simple moving average of $92.33.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the firm earned $1.81 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Equities research analysts expect that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.84%. Omnicom Group’s dividend payout ratio is presently 37.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OMC. Macquarie reissued an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a research report on Wednesday, July 17th. UBS Group increased their price objective on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $100.00 to $110.00 in a report on Tuesday, May 7th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.70.

About Omnicom Group

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.