Investors Sell Omnicom Group (OMC) on Strength (OMC)
Investors sold shares of Omnicom Group Inc. (NYSE:OMC) on strength during trading hours on Friday. $21.14 million flowed into the stock on the tick-up and $188.71 million flowed out of the stock on the tick-down, for a money net flow of $167.57 million out of the stock. Of all stocks tracked, Omnicom Group had the 18th highest net out-flow for the day. Omnicom Group traded up $1.26 for the day and closed at $70.90
A number of brokerages have recently issued reports on OMC. ValuEngine raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a report on Thursday, July 12th. Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a report on Friday, July 6th. Moffett Nathanson began coverage on shares of Omnicom Group in a report on Tuesday, June 19th. They issued a “sell” rating and a $63.00 target price on the stock. Royal Bank of Canada dropped their target price on shares of Omnicom Group to $75.00 and set a “$70.60” rating on the stock in a report on Wednesday, July 18th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $75.00 target price (down from $80.00) on shares of Omnicom Group in a report on Tuesday, July 17th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Omnicom Group has a consensus rating of “Hold” and a consensus price target of $78.08.
The company has a market cap of $15.48 billion, a P/E ratio of 13.89, a PEG ratio of 2.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.78 and a current ratio of 0.89.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Friday, September 21st will be paid a $0.60 dividend. The ex-dividend date is Thursday, September 20th. This represents a $2.40 dividend on an annualized basis and a yield of 3.39%. Omnicom Group’s dividend payout ratio (DPR) is currently 47.06%.
In related news, Director Linda Johnson Rice sold 475 shares of the company’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $70.02, for a total value of $33,259.50. Following the transaction, the director now owns 7,966 shares in the company, valued at approximately $557,779.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders sold 1,075 shares of company stock worth $74,289. 1.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. grew its position in shares of Omnicom Group by 201.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,454 shares of the business services provider’s stock worth $111,000 after purchasing an additional 972 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Omnicom Group by 239.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 1,672 shares of the business services provider’s stock worth $122,000 after purchasing an additional 1,180 shares in the last quarter. Credit Agricole S A acquired a new position in shares of Omnicom Group during the 1st quarter worth approximately $151,000. Vigilant Capital Management LLC grew its position in shares of Omnicom Group by 3,495.5% during the 2nd quarter. Vigilant Capital Management LLC now owns 2,409 shares of the business services provider’s stock worth $184,000 after purchasing an additional 2,342 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Omnicom Group during the 2nd quarter worth approximately $185,000.
About Omnicom Group (NYSE:OMC)
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.
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