Pinkerton Retirement Specialists LLC Has $4.04 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Pinkerton Retirement Specialists LLC boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,061 shares of the business services provider’s stock after purchasing an additional 3,325 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Omnicom Group were worth $4,042,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new position in Omnicom Group during the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. bought a new stake in Omnicom Group in the fourth quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Omnicom Group in the second quarter valued at approximately $33,000. Innealta Capital LLC bought a new stake in Omnicom Group in the second quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC raised its stake in Omnicom Group by 47.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider’s stock valued at $37,000 after buying an additional 139 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Up 0.3 %

NYSE OMC opened at $98.55 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $102.13. The company has a market cap of $19.28 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The business’s fifty day moving average is $95.21 and its 200 day moving average is $93.48.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter last year, the business posted $1.81 EPS. Omnicom Group’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, sell-side analysts expect that Omnicom Group Inc. will post 7.95 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Insider Activity at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the sale, the director now directly owns 10,356 shares of the company’s stock, valued at $941,153.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of recent research reports. Macquarie reiterated an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a research note on Wednesday, July 17th. UBS Group increased their target price on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Bank of America increased their target price on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.30.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.