Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 483 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Omnicom Group Inc. (OMC) opened at 79.20 on Monday. The firm’s 50-day moving average is $81.66 and its 200 day moving average is $83.74. The stock has a market capitalization of $18.28 billion, a P/E ratio of 15.99 and a beta of 1.25. Omnicom Group Inc. has a 12-month low of $77.50 and a 12-month high of $89.66.

Omnicom Group (NYSE:OMC) last announced its earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.02. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $1.36 earnings per share. On average, equities research analysts forecast that Omnicom Group Inc. will post $5.08 EPS for the current fiscal year.

The company 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 of this dividend is Thursday, September 21st. This represents a $2.20 annualized dividend and a yield of 2.78%. Omnicom Group’s payout ratio is 44.44%.

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Several analysts have recently issued reports on OMC shares. Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Friday, July 14th. BidaskClub lowered shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $82.00 target price on shares of Omnicom Group in a research note on Friday, July 14th. Finally, Evercore ISI assumed coverage on shares of Omnicom Group in a research note on Monday, April 17th. They issued an “in-line” rating and a $91.00 target price for the company. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Omnicom Group presently has an average rating of “Hold” and a consensus price target of $86.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pzena Investment Management LLC boosted its position in shares of Omnicom Group by 21.3% in the second quarter. Pzena Investment Management LLC now owns 5,978,986 shares of the business services provider’s stock valued at $495,658,000 after buying an additional 1,049,746 shares during the last quarter. Herndon Capital Management LLC boosted its position in shares of Omnicom Group by 61.2% in the second quarter. Herndon Capital Management LLC now owns 183,259 shares of the business services provider’s stock valued at $15,193,000 after buying an additional 69,610 shares during the last quarter. ZWJ Investment Counsel Inc. purchased a new position in shares of Omnicom Group during the second quarter valued at about $315,000. First Eagle Investment Management LLC boosted its position in shares of Omnicom Group by 2.6% in the second quarter. First Eagle Investment Management LLC now owns 13,429,677 shares of the business services provider’s stock valued at $1,113,320,000 after buying an additional 341,406 shares during the last quarter. Finally, Addenda Capital Inc. boosted its position in shares of Omnicom Group by 3.3% in the second quarter. Addenda Capital Inc. now owns 13,685 shares of the business services provider’s stock valued at $970,000 after buying an additional 440 shares during the last quarter. 98.67% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Omnicom Group (NYSE:OMC)

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