3,802 Shares in Omnicom Group Inc. (OMC) Acquired by ZWJ Investment Counsel Inc.
ZWJ Investment Counsel Inc. purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,802 shares of the business services provider’s stock, valued at approximately $315,000.
A number of other hedge funds have also bought and sold shares of the stock. Dupont Capital Management Corp acquired a new stake in Omnicom Group during the second quarter valued at about $104,000. Invictus RG raised its stake 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 valued at $170,000 after buying an additional 1,812 shares during the last quarter. FNY Partners Fund LP raised its stake 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 valued at $189,000 after buying an additional 700 shares during the last quarter. Global X Management Co. LLC raised its stake 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 valued at $194,000 after buying an additional 510 shares during the last quarter. Finally, Weatherstone Capital Management acquired a new stake in Omnicom Group during the first quarter valued at about $203,000. Institutional investors and hedge funds own 98.02% of the company’s stock.
Omnicom Group Inc. (NYSE OMC) opened at 76.76 on Monday. Omnicom Group Inc. has a 52 week low of $76.74 and a 52 week high of $89.66. The stock’s 50 day moving average is $80.03 and its 200 day moving average is $83.10. The company has a market capitalization of $17.71 billion, a P/E ratio of 15.50 and a beta of 1.25.
Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 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 firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the previous year, the company earned $1.36 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities research analysts expect that Omnicom Group Inc. will post $5.08 earnings per share for the current year.
The business also recently disclosed 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 annualized dividend and a yield of 2.87%. Omnicom Group’s dividend payout ratio (DPR) is 44.44%.
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Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Macquarie lowered shares of Omnicom Group from an “outperform” rating to a “neutral” rating and cut their price target for the company from $90.00 to $83.00 in a research 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 research report on Tuesday, June 20th. BidaskClub lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company restated a “hold” rating and set a $84.00 price target on shares of Omnicom Group in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.00.
In other Omnicom Group news, Chairman Bruce Crawford sold 22,800 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $84.91, for a total value of $1,935,948.00. Following the completion of the sale, the chairman now directly owns 105,250 shares of the company’s stock, valued at approximately $8,936,777.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Linda Johnson Rice sold 483 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were 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 directly owns 7,724 shares of the company’s stock, valued at $634,835.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,183 shares of company stock valued at $2,046,845. 1.10% of the stock is owned by corporate 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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