Omnicom Group (NYSE:OMC) Director Linda Johnson Rice Sells 1,385 Shares of Stock

Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 1,385 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $88.73, for a total value of $122,891.05. Following the transaction, the director owned 11,719 shares of the company’s stock, valued at $1,039,826.87. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Omnicom Group Stock Down 0.2%

Omnicom Group stock traded down $0.22 during mid-day trading on Wednesday, reaching $87.98. The stock had a trading volume of 1,875,003 shares, compared to its average volume of 4,323,448. The company has a market capitalization of $24.14 billion, a price-to-earnings ratio of 75.85, a PEG ratio of 0.59 and a beta of 0.64. The company has a 50-day moving average price of $80.81 and a two-hundred day moving average price of $77.86. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $89.57. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78.

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

Omnicom Group Dividend Announcement

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

Analyst Upgrades and Downgrades

OMC has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective 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. Morgan Stanley increased their target price on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Rothschild & Co Redburn assumed coverage on Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price for the company. Citigroup decreased their price target on 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 raised Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.00.

Institutional Investors Weigh In On Omnicom Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Activest Wealth Management lifted its holdings in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after buying an additional 296 shares during the period. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group in the fourth quarter worth $26,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares during the period. EFG International AG purchased a new stake in Omnicom Group during the fourth quarter valued at $28,000. Finally, Keating Financial Advisory Services Inc. bought a new position in Omnicom Group in the second quarter valued at about $25,000. Hedge funds and other institutional investors own 91.97% 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.