Omnicom Group Inc. (NYSE:OMC) Position Increased by Occidental Asset Management LLC

Occidental Asset Management LLC raised its stake in Omnicom Group Inc. (NYSE:OMC) by 8.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 27,294 shares of the business services provider’s stock after buying an additional 2,141 shares during the quarter. Occidental Asset Management LLC’s holdings in Omnicom Group were worth $2,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new position in Omnicom Group in the 4th quarter worth about $29,000. Davis Capital Management acquired a new stake in Omnicom Group in the third quarter worth about $36,000. Innealta Capital LLC bought a new stake in Omnicom Group during the second quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Omnicom Group during the second quarter valued at about $33,000. Finally, Northwest Investment Counselors LLC acquired a new position in Omnicom Group during the first quarter worth about $50,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.4 %

NYSE OMC opened at $103.26 on Tuesday. Omnicom Group Inc. has a twelve month low of $73.28 and a twelve month high of $104.80. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The stock has a market cap of $20.22 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 2.39 and a beta of 0.94. The firm’s 50 day moving average price is $99.29 and its two-hundred day moving average price is $95.02.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $1.81 EPS. Equities analysts anticipate that Omnicom Group Inc. will post 7.88 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were given a $0.70 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.71%. Omnicom Group’s payout ratio is 37.84%.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 488 shares of the company’s 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 transaction, the director now directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction that occurred on 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 in the company, valued at $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OMC. Bank of America raised their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research report on Thursday, September 5th. Macquarie restated an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a report on Wednesday, July 17th. JPMorgan Chase & Co. upped their price target on Omnicom Group from $106.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, UBS Group raised their price objective on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $107.30.

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.