Omnicom Group Inc. (OMC) Shares Bought by Lodestar Investment Counsel LLC IL
Lodestar Investment Counsel LLC IL boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 187,520 shares of the business services provider’s stock after buying an additional 1,388 shares during the period. Omnicom Group accounts for 2.1% of Lodestar Investment Counsel LLC IL’s investment portfolio, making the stock its 14th largest position. Lodestar Investment Counsel LLC IL’s holdings in Omnicom Group were worth $16,166,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in Omnicom Group during the first quarter worth approximately $1,172,000. Howard Capital Management raised its position in Omnicom Group by 1.2% in the first quarter. Howard Capital Management now owns 3,452 shares of the business services provider’s stock worth $298,000 after buying an additional 40 shares during the period. Cribstone Capital Management LLC purchased a new position in Omnicom Group during the first quarter worth approximately $164,000. Fox Run Management L.L.C. purchased a new position in Omnicom Group during the first quarter worth approximately $621,000. Finally, BKD Wealth Advisors LLC raised its position in Omnicom Group by 7.8% in the first quarter. BKD Wealth Advisors LLC now owns 18,436 shares of the business services provider’s stock worth $1,589,000 after buying an additional 1,333 shares during the period. Institutional investors own 96.65% of the company’s stock.
Shares of Omnicom Group Inc. (NYSE:OMC) traded down 3.10% during midday trading on Tuesday, reaching $83.50. 4,970,914 shares of the company’s stock traded hands. Omnicom Group Inc. has a one year low of $75.61 and a one year high of $89.66. The firm has a market capitalization of $19.58 billion, a PE ratio of 17.47 and a beta of 1.28. The stock’s 50-day moving average price is $85.10 and its 200 day moving average price is $84.64.
Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, April 18th. The business services provider reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.01. Omnicom Group had a net margin of 7.42% and a return on equity of 40.97%. The firm earned $3.59 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Omnicom Group Inc. will post $5.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 7th. Stockholders of record on Thursday, March 9th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Tuesday, March 7th. Omnicom Group’s payout ratio is currently 45.93%.
A number of equities analysts have recently commented on the stock. Evercore ISI assumed coverage on shares of Omnicom Group in a research report on Monday. They issued an “in-line” rating and a $91.00 price objective for the company. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and issued a $101.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 11th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. Bank of America Corp assumed coverage on shares of Omnicom Group in a research report on Thursday, March 2nd. They issued a “neutral” rating and a $91.00 price objective for the company. Finally, Atlantic Securities lowered shares of Omnicom Group from a “neutral” rating to an “underweight” rating and set a $79.00 price objective for the company. in a research report on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company’s stock. Omnicom Group has a consensus rating of “Hold” and a consensus price target of $87.33.
In other news, Treasurer Dennis E. Hewitt sold 1,400 shares of the company’s stock in a transaction dated Saturday, February 11th. The shares were sold at an average price of $85.14, for a total transaction of $119,196.00. Following the completion of the sale, the treasurer now owns 37,175 shares of the company’s stock, valued at approximately $3,165,079.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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