iSAM Funds UK Ltd Purchases New Position in Omnicom Group Inc. $OMC

iSAM Funds UK Ltd purchased a new position in Omnicom Group Inc. (NYSE:OMC) in the second quarter, Holdings Channel reports. The fund purchased 8,700 shares of the business services provider’s stock, valued at approximately $634,000.

Other hedge funds also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. purchased a new stake in shares of Omnicom Group in the second quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth approximately $26,000. Legacy Wealth Managment LLC ID lifted its position in shares of Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares in the last quarter. EFG International AG purchased a new position in shares of Omnicom Group during the 4th quarter valued at approximately $28,000. Finally, Caitlin John LLC grew its stake in Omnicom Group by 4,675.0% in the 4th quarter. Caitlin John LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 374 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 5.0%

OMC opened at $81.76 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. The company’s 50 day simple moving average is $82.42 and its two-hundred day simple moving average is $78.56. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $89.57. The firm has a market capitalization of $22.43 billion, a price-to-earnings ratio of 70.48, a price-to-earnings-growth ratio of 0.74 and a beta of 0.65.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a yield of 3.9%. Omnicom Group’s payout ratio is 275.86%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OMC shares. Wells Fargo & Company boosted their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price objective on the stock. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price on the stock. Citigroup cut their target price on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $99.00.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 1,385 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $88.73, for a total value of $122,891.05. Following the completion of the sale, the director directly owned 11,719 shares in the company, valued at $1,039,826.87. This represents a 10.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Omnicom Group Company Profile

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.