Omnicom Group Inc. $OMC Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,506 shares of the business services provider’s stock after selling 12,557 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Omnicom Group were worth $7,379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Capital A Wealth Management LLC lifted its position in Omnicom Group by 548.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after acquiring an additional 318 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Omnicom Group during the second quarter valued at approximately $29,000. Ameritas Advisory Services LLC acquired a new position in shares of Omnicom Group during the second quarter worth $34,000. CYBER HORNET ETFs LLC acquired a new position in shares of Omnicom Group during the second quarter worth $37,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Omnicom Group in the second quarter valued at $42,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Bank of America reaffirmed an “underperform” rating and set a $77.00 target price (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Morgan Stanley assumed coverage on Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $92.14.

Omnicom Group Price Performance

Shares of OMC opened at $77.43 on Wednesday. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $89.35. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The firm has a market cap of $14.94 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.30 and a beta of 0.74. The stock has a 50 day moving average of $76.27 and a 200-day moving average of $76.13.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the business posted $2.03 earnings per share. As a group, analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is currently 47.27%.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.