Capital Investment Advisors LLC decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 19.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,875 shares of the business services provider’s stock after selling 955 shares during the period. Capital Investment Advisors LLC’s holdings in Omnicom Group were worth $321,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cribstone Capital Management LLC acquired a new position in Omnicom Group during the first quarter worth approximately $164,000. Invictus RG increased its position in Omnicom Group by 1,098.2% in the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock worth $170,000 after buying an additional 1,812 shares in the last quarter. FNY Partners Fund LP increased its position in Omnicom Group by 46.7% in the first quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock worth $189,000 after buying an additional 700 shares in the last quarter. Global X Management Co. LLC increased its position in Omnicom Group by 29.4% in the first quarter. Global X Management Co. LLC now owns 2,245 shares of the business services provider’s stock worth $194,000 after buying an additional 510 shares in the last quarter. Finally, Huntington Steele LLC acquired a new position in Omnicom Group during the first quarter worth approximately $202,000. 98.67% of the stock is owned by institutional investors and hedge funds.

Omnicom Group (NYSE:OMC) last released its earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The company had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The company’s revenue was down 2.4% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be given a $0.55 dividend. The ex-dividend date is Thursday, September 21st. This represents a $2.20 dividend on an annualized basis and a yield of 2.78%. Omnicom Group’s payout ratio is 44.44%.

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OMC has been the subject of several analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $82.00 price target on shares of Omnicom Group in a report on Friday, July 14th. Macquarie downgraded shares of Omnicom Group from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $90.00 to $83.00 in a report on Tuesday, June 6th. Royal Bank Of Canada set a $96.00 price target on shares of Omnicom Group and gave the company a “buy” rating in a report on Saturday, May 20th. BidaskClub downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $86.00.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value of $71,199.00. Following the completion of the sale, the treasurer now owns 44,161 shares in the company, valued at approximately $3,493,576.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linda Johnson Rice sold 483 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the completion of the sale, the director now owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,183 shares of company stock valued at $2,046,845. Insiders own 1.10% of the company’s stock.

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.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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