Resonant Capital Advisors LLC Sells 781 Shares of Omnicom Group Inc. (NYSE:OMC)

Resonant Capital Advisors LLC decreased its holdings in Omnicom Group Inc. (NYSE:OMC) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,394 shares of the business services provider’s stock after selling 781 shares during the period. Resonant Capital Advisors LLC’s holdings in Omnicom Group were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Carolinas Wealth Consulting LLC raised its stake in Omnicom Group by 1,805.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock worth $31,000 after buying an additional 307 shares in the last quarter. Pinnacle Bancorp Inc. increased 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 increased 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 position in shares of Omnicom Group during the third quarter worth $25,000. Finally, First Capital Advisors Group LLC. acquired a new position in shares of Omnicom Group during the second quarter worth $45,000. Institutional investors own 91.97% of the company’s stock.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the company’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 sale, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Price Performance

Shares of OMC opened at $92.62 on Friday. The firm has a market capitalization of $18.14 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.15 and a beta of 0.97. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.86. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23. The company’s fifty day moving average price is $91.51 and its 200-day moving average price is $85.32.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4 billion. During the same period in the previous year, the company earned $2.09 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OMC. UBS Group began coverage on Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. Macquarie upped their price target on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $91.00 to $106.00 in a research report on Wednesday. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Moffett Nathanson upped their price target on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.40.

About Omnicom Group

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.