Sequoia Financial Advisors LLC decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC – Free Report) by 94.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,814 shares of the business services provider’s stock after selling 120,799 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Omnicom Group were worth $643,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in OMC. First Trust Advisors LP increased its position in Omnicom Group by 683.2% during the 1st quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock worth $251,016,000 after purchasing an additional 2,579,717 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Omnicom Group by 3,737.8% in the 4th quarter. American Century Companies Inc. now owns 1,975,361 shares of the business services provider’s stock valued at $161,130,000 after acquiring an additional 1,923,890 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Omnicom Group by 40.4% during the 4th quarter. Baird Financial Group Inc. now owns 2,851,104 shares of the business services provider’s stock valued at $232,565,000 after acquiring an additional 820,275 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Omnicom Group by 15.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,905,773 shares of the business services provider’s stock worth $309,505,000 after purchasing an additional 662,851 shares in the last quarter. Finally, Edmp Inc. raised its position in Omnicom Group by 8,773.2% in the fourth quarter. Edmp Inc. now owns 498,230 shares of the business services provider’s stock valued at $6,108,000 after purchasing an additional 492,615 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.
Insider Activity at Omnicom Group
In other Omnicom Group news, CEO Jonathan B. Nelson sold 25,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $94.71, for a total value of $2,367,750.00. Following the completion of the sale, the chief executive officer now directly owns 121,347 shares in the company, valued at $11,492,774.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Rochelle M. Tarlowe sold 1,800 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $94.12, for a total value of $169,416.00. Following the transaction, the vice president now directly owns 13,496 shares in the company, valued at approximately $1,270,243.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jonathan B. Nelson sold 25,000 shares of Omnicom Group stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $94.71, for a total transaction of $2,367,750.00. Following the completion of the sale, the chief executive officer now directly owns 121,347 shares of the company’s stock, valued at approximately $11,492,774.37. The disclosure for this sale can be found here. Insiders have sold 128,500 shares of company stock worth $12,073,741 in the last quarter. Company insiders own 1.30% of the company’s stock.
Analysts Set New Price Targets
Omnicom Group Stock Performance
Shares of Omnicom Group stock opened at $96.26 on Wednesday. The business has a 50-day moving average price of $92.86 and a two-hundred day moving average price of $90.50. Omnicom Group Inc. has a 1-year low of $61.85 and a 1-year high of $97.22. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.54. The company has a market cap of $19.20 billion, a P/E ratio of 14.48, a PEG ratio of 2.62 and a beta of 0.84.
Omnicom Group (NYSE:OMC – Get Free Report) last released its earnings results on Tuesday, April 18th. The business services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.38 by $0.18. Omnicom Group had a return on equity of 41.72% and a net margin of 9.57%. The business had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the firm posted $1.39 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, analysts anticipate that Omnicom Group Inc. will post 7.43 EPS for the current year.
Omnicom Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 9th were paid a $0.70 dividend. The ex-dividend date was Thursday, June 8th. This represents a $2.80 annualized dividend and a dividend yield of 2.91%. Omnicom Group’s dividend payout ratio is currently 42.11%.
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 brand consulting, experiential, execution and support, public relations, and healthcare.
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