Omnicom Group Inc. (NYSE:OMC) Shares Sold by Delta Financial Advisors LLC

Delta Financial Advisors LLC reduced its position in Omnicom Group Inc. (NYSE:OMC) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,493 shares of the business services provider’s stock after selling 325 shares during the period. Delta Financial Advisors LLC’s holdings in Omnicom Group were worth $1,600,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Aviva PLC increased its position in shares of Omnicom Group by 406.1% in the third quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock worth $9,407,000 after acquiring an additional 101,348 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Omnicom Group in the third quarter worth approximately $200,000. Raymond James & Associates increased its position in shares of Omnicom Group by 3.3% in the fourth quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock worth $37,471,000 after acquiring an additional 13,709 shares in the last quarter. Arvest Investments Inc. purchased a new position in shares of Omnicom Group in the fourth quarter worth approximately $1,969,000. Finally, Sequoia Financial Advisors LLC increased its position in shares of Omnicom Group by 1,627.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock worth $5,752,000 after acquiring an additional 62,640 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

OMC has been the topic of several analyst reports. Macquarie lifted their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. UBS Group started coverage on shares of Omnicom Group in a report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target for the company. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $91.00 to $106.00 in a report on Wednesday. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Moffett Nathanson raised their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.40.

Omnicom Group Stock Up 0.3 %

NYSE OMC traded up $0.24 during trading on Thursday, reaching $92.69. The company’s stock had a trading volume of 405,969 shares, compared to its average volume of 1,621,156. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $18.28 billion, a PE ratio of 12.49, a PEG ratio of 2.18 and a beta of 0.97. The business has a 50-day moving average price of $91.25 and a 200-day moving average price of $85.14. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the previous year, the company earned $2.09 earnings per share. Omnicom Group’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts forecast that Omnicom Group Inc. will post 7.73 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, March 8th. Omnicom Group’s payout ratio is 37.84%.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.