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

Latitude Advisors LLC lowered its stake in Omnicom Group Inc. (NYSE:OMC) by 11.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,629 shares of the business services provider’s stock after selling 325 shares during the quarter. Latitude Advisors LLC’s holdings in Omnicom Group were worth $227,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of OMC. Carolinas Wealth Consulting LLC lifted its position in shares of Omnicom Group by 1,805.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock worth $31,000 after purchasing an additional 307 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. KB Financial Partners LLC lifted its position in shares of Omnicom Group by 1,326.1% during the second quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock worth $31,000 after purchasing an additional 305 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Omnicom Group during the third quarter worth about $25,000. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of Omnicom Group during the second quarter worth about $45,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now directly owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC opened at $92.45 on Thursday. 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 firm has a market cap of $18.23 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 2.18 and a beta of 0.97. The company’s 50 day simple moving average is $91.25 and its 200-day simple moving average is $85.14. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23.

Omnicom Group (NYSE:OMC) last announced its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $2.09 earnings per share. As a group, equities analysts predict that Omnicom Group Inc. will post 7.73 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.03%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Macquarie increased their price target 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. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Thursday, March 28th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $91.00 to $106.00 in a report on Wednesday. Finally, Moffett Nathanson raised their target price on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus target price of $103.40.

Omnicom Group 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.