Semanteon Capital Management LP Buys Shares of 3,636 Omnicom Group Inc. (NYSE:OMC)

Semanteon Capital Management LP purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,636 shares of the business services provider’s stock, valued at approximately $315,000.

A number of other hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. increased its holdings in shares of Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. OFI Invest Asset Management bought a new stake in Omnicom Group during the third quarter valued at $25,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Omnicom Group during the third quarter worth $38,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Omnicom Group by 116.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock worth $52,000 after purchasing an additional 323 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Omnicom Group by 49.2% in the 4th quarter. Blue Trust Inc. now owns 758 shares of the business services provider’s stock worth $66,000 after buying an additional 250 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Thursday, March 28th. Moffett Nathanson boosted their target price on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price objective on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Finally, StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.40.

Omnicom Group Trading Down 0.8 %

Shares of NYSE OMC opened at $95.89 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The business has a 50 day simple moving average of $92.40 and a 200 day simple moving average of $86.07. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 2.27 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. During the same quarter last year, the company earned $2.09 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. On average, research analysts predict that Omnicom Group Inc. will post 7.81 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. Shareholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.92%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend 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.