Omnicom Group Inc. (OMC) Shares Sold by Teachers Advisors LLC
Teachers Advisors LLC reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 382,626 shares of the business services provider’s stock after selling 20,752 shares during the quarter. Teachers Advisors LLC owned approximately 0.17% of Omnicom Group worth $31,720,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Jensen Investment Management Inc. increased its position in Omnicom Group by 11.3% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,498,755 shares of the business services provider’s stock valued at $290,047,000 after purchasing an additional 354,285 shares during the period. Comgest Global Investors S.A.S. increased its position in Omnicom Group by 2.2% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 136,500 shares of the business services provider’s stock valued at $11,316,000 after purchasing an additional 3,000 shares during the period. Beutel Goodman & Co Ltd. purchased a new position in Omnicom Group during the 2nd quarter valued at $153,358,000. Homrich & Berg increased its position in Omnicom Group by 10.3% during the 2nd quarter. Homrich & Berg now owns 8,160 shares of the business services provider’s stock valued at $676,000 after purchasing an additional 762 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its position in Omnicom Group by 60.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 10,204 shares of the business services provider’s stock valued at $846,000 after purchasing an additional 3,842 shares during the period. 98.60% of the stock is currently owned by institutional investors and hedge funds.
Omnicom Group Inc. (OMC) opened at 72.75 on Wednesday. The company has a market cap of $16.79 billion, a PE ratio of 14.69 and a beta of 1.27. Omnicom Group Inc. has a 1-year low of $71.63 and a 1-year high of $89.66. The firm’s 50-day moving average is $75.34 and its 200 day moving average is $81.20.
Omnicom Group (NYSE:OMC) last released its earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.02. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue was down 2.4% compared to the same quarter last year. Analysts predict that Omnicom Group Inc. will post $5.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s dividend payout ratio (DPR) is presently 44.44%.
In related news, Director Linda Johnson Rice sold 483 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the transaction, the director now owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total value of $71,199.00. Following the transaction, the treasurer now directly owns 44,161 shares in the company, valued at approximately $3,493,576.71. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
A number of research analysts have issued reports on the stock. BMO Capital Markets reissued a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a research report on Wednesday, September 13th. BidaskClub downgraded shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Citigroup Inc. raised shares of Omnicom Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the company a “buy” rating in a report on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company’s stock. Omnicom Group currently has an average rating of “Hold” and a consensus price target of $85.92.
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Omnicom Group 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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