37,794 Shares in Omnicom Group Inc. $OMC Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the second quarter, HoldingsChannel.com reports. The firm bought 37,794 shares of the business services provider’s stock, valued at approximately $2,753,000.

A number of other hedge funds also recently bought and sold shares of OMC. Wakefield Asset Management LLLP increased its holdings in shares of Omnicom Group by 2.6% in the 4th quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock valued at $477,000 after acquiring an additional 149 shares during the period. Caldwell Trust Co raised its position in shares of Omnicom Group by 29.0% in the 1st quarter. Caldwell Trust Co now owns 662 shares of the business services provider’s stock worth $50,000 after acquiring an additional 149 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Omnicom Group by 39.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock worth $41,000 after purchasing an additional 153 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its stake in shares of Omnicom Group by 3.5% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider’s stock worth $395,000 after purchasing an additional 167 shares during the last quarter. Finally, Binnacle Investments Inc boosted its position in Omnicom Group by 17.7% during the second quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup cut their target price on Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target for the company. Zacks Research cut shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Morgan Stanley lifted their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $99.00.

Omnicom Group Stock Performance

Shares of OMC opened at $88.23 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. The firm has a market cap of $24.21 billion, a PE ratio of 76.06, a P/E/G ratio of 0.59 and a beta of 0.64. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $89.57. The stock has a fifty day moving average price of $80.81 and a 200-day moving average price of $77.86.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The business had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The firm’s quarterly revenue was up 63.4% compared to the same quarter last year. Equities research analysts predict that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.6%. Omnicom Group’s payout ratio is presently 275.86%.

About Omnicom Group

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.