Sanders Capital LLC Increases Stake in Omnicom Group Inc. (OMC)
Sanders Capital LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,593,642 shares of the company’s stock after buying an additional 4,738 shares during the period. Omnicom Group accounts for approximately 1.7% of Sanders Capital LLC’s holdings, making the stock its 23rd largest position. Sanders Capital LLC owned about 1.10% of Omnicom Group worth $211,356,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Omnicom Group by 5.4% in the first quarter. Geode Capital Management LLC now owns 2,029,274 shares of the company’s stock valued at $168,569,000 after buying an additional 103,737 shares in the last quarter. BlackRock Group LTD raised its stake in Omnicom Group by 3.7% in the first quarter. BlackRock Group LTD now owns 1,937,218 shares of the company’s stock worth $161,233,000 after buying an additional 69,949 shares during the last quarter. Thomaspartners Inc. raised its stake in Omnicom Group by 1.8% in the first quarter. Thomaspartners Inc. now owns 1,672,711 shares of the company’s stock worth $139,220,000 after buying an additional 30,109 shares during the last quarter. Marathon Asset Management LLP raised its stake in Omnicom Group by 1.9% in the second quarter. Marathon Asset Management LLP now owns 1,324,559 shares of the company’s stock worth $108,591,000 after buying an additional 25,016 shares during the last quarter. Finally, Sentry Investments Corp. raised its stake in Omnicom Group by 0.7% in the first quarter. Sentry Investments Corp. now owns 1,096,490 shares of the company’s stock worth $91,261,000 after buying an additional 7,600 shares during the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.
Shares of Omnicom Group Inc. (NYSE:OMC) traded down 0.99% during midday trading on Friday, hitting $82.24. The stock had a trading volume of 1,837,889 shares. The company’s 50 day moving average price is $84.75 and its 200-day moving average price is $83.39. The firm has a market capitalization of $19.45 billion, a PE ratio of 17.99 and a beta of 1.35. Omnicom Group Inc. has a 1-year low of $66.48 and a 1-year high of $87.50.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, July 14th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.03. Omnicom Group had a net margin of 7.26% and a return on equity of 38.56%. The company earned $3.88 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Equities analysts predict that Omnicom Group Inc. will post $4.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 10th. Stockholders of record on Thursday, September 22nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is 48.04%.
OMC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Thursday. BMO Capital Markets restated a “hold” rating and issued a $80.00 target price on shares of Omnicom Group in a report on Sunday, July 17th. Albert Fried & Company restated a “hold” rating and issued a $85.00 target price on shares of Omnicom Group in a report on Thursday, July 14th. Telsey Advisory Group increased their target price on Omnicom Group from $79.00 to $86.00 and gave the company a “market perform” rating in a report on Wednesday, July 20th. Finally, Credit Suisse Group AG initiated coverage on Omnicom Group in a report on Thursday, September 15th. They issued a “neutral” rating and a $83.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $82.31.
In other news, Director Linda Johnson Rice sold 824 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $84.55, for a total value of $69,669.20. Following the completion of the transaction, the director now owns 30,440 shares of the company’s stock, valued at approximately $2,573,702. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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