Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 475 shares of Omnicom Group stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $70.02, for a total transaction of $33,259.50. Following the completion of the transaction, the director now directly owns 7,966 shares of the company’s stock, valued at approximately $557,779.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
OMC stock opened at $68.18 on Friday. The stock has a market cap of $15.30 billion, a PE ratio of 12.58, a P/E/G ratio of 2.18 and a beta of 1.15. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.89 and a quick ratio of 0.81. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $83.34.
Get Omnicom Group alerts:Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 17th. The business services provider reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Omnicom Group had a net margin of 7.45% and a return on equity of 40.82%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 earnings per share. equities analysts anticipate that Omnicom Group Inc. will post 5.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Friday, September 21st will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, September 20th. This represents a $2.40 dividend on an annualized basis and a yield of 3.52%. Omnicom Group’s payout ratio is presently 47.06%.
A number of research firms have weighed in on OMC. Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a report on Friday, July 6th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Omnicom Group in a report on Thursday. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $75.00 price objective (down previously from $80.00) on shares of Omnicom Group in a report on Tuesday, July 17th. ValuEngine raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. Finally, Morgan Stanley cut their target price on shares of Omnicom Group from $76.00 to $73.00 and set an “underweight” rating for the company in a research note on Wednesday, May 23rd. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $78.08.
A number of institutional investors and hedge funds have recently bought and sold shares of OMC. Summit Trail Advisors LLC boosted its position in Omnicom Group by 6,646.4% during the first quarter. Summit Trail Advisors LLC now owns 1,862,479 shares of the business services provider’s stock worth $1,862,000 after acquiring an additional 1,834,872 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in Omnicom Group during the first quarter worth about $80,364,000. Schroder Investment Management Group boosted its position in Omnicom Group by 30.2% during the first quarter. Schroder Investment Management Group now owns 3,252,664 shares of the business services provider’s stock worth $236,371,000 after acquiring an additional 753,845 shares during the last quarter. Morningstar Investment Services LLC acquired a new position in Omnicom Group during the first quarter worth about $41,971,000. Finally, Kiltearn Partners LLP boosted its position in Omnicom Group by 38.6% during the first quarter. Kiltearn Partners LLP now owns 1,860,099 shares of the business services provider’s stock worth $135,118,000 after acquiring an additional 517,700 shares during the last quarter.
About Omnicom Group
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.
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