Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice Sells 453 Shares

Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 453 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the transaction, the director now directly owns 9,830 shares of the company’s stock, valued at $911,044.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Linda Johnson Rice also recently made the following trade(s):

• On Friday, February 9th, Linda Johnson Rice sold 507 shares of Omnicom Group stock. The stock was sold at an average price of $86.66, for a total value of $43,936.62.

Omnicom Group Price Performance

Shares of NYSE:OMC traded up $1.53 on Tuesday, hitting $94.72. The company had a trading volume of 1,864,494 shares, compared to its average volume of 1,650,534. The company has a market cap of $18.55 billion, a PE ratio of 12.59, a PEG ratio of 2.18 and a beta of 0.96. The business has a 50 day moving average of $93.01 and a 200 day moving average of $86.99. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion for 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%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $2.09 EPS. As a group, equities analysts anticipate that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.96%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC boosted its position in shares of Omnicom Group by 98.3% in the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock worth $225,842,000 after acquiring an additional 1,503,249 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Omnicom Group in the 4th quarter valued at $93,634,000. Boston Partners grew its stake in shares of Omnicom Group by 21.7% during the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock valued at $277,726,000 after buying an additional 664,800 shares during the period. Morningstar Investment Services LLC increased its holdings in shares of Omnicom Group by 98.7% during the 4th quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock worth $104,037,000 after buying an additional 595,746 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Omnicom Group by 88.9% in the 4th quarter. Point72 Asset Management L.P. now owns 1,161,477 shares of the business services provider’s stock worth $100,479,000 after buying an additional 546,577 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Thursday, March 28th. Moffett Nathanson raised their price objective 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. Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $100.00 to $110.00 in a report on Tuesday. Finally, Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.40.

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.