Omnicom Group Inc. $OMC Shares Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. grew its stake in Omnicom Group Inc. (NYSE:OMC) by 618.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,900 shares of the business services provider’s stock after purchasing an additional 24,875 shares during the period. Flputnam Investment Management Co.’s holdings in Omnicom Group were worth $2,105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management increased its holdings in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 296 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new stake in Omnicom Group during the second quarter worth $25,000. Elyxium Wealth LLC acquired a new stake in Omnicom Group during the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID grew its position in Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares during the period. Finally, EFG International AG purchased a new position in Omnicom Group in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 1,385 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $88.73, for a total transaction of $122,891.05. Following the completion of the transaction, the director owned 11,719 shares of the company’s stock, valued at $1,039,826.87. This represents a 10.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

Omnicom Group Stock Performance

OMC opened at $88.32 on Monday. The firm’s fifty day simple moving average is $81.71 and its two-hundred day simple moving average is $78.24. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $89.57. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 76.14, a PEG ratio of 0.59 and a beta of 0.64. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The company had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the prior year, the firm earned $2.05 EPS. The firm’s revenue for the quarter was up 63.4% on a year-over-year basis. Equities analysts anticipate that Omnicom Group Inc. will post 10.35 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 Friday, October 9th. Shareholders of record on Friday, September 18th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 18th. Omnicom Group’s payout ratio is 275.86%.

Analyst Ratings Changes

A number of research analysts have weighed in on OMC shares. The Goldman Sachs Group started coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Rothschild & Co Redburn assumed coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price on the stock. Citigroup cut their price target on Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Wells Fargo & Company upped their price target on Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Zacks Research downgraded Omnicom Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.