Pacer Advisors Inc. lowered its place in shares of Omnicom Group Inc. (NYSE:OMC – Get Rating) by 95.6% within the first quarter, in response to its most up-to-date submitting with the Securities and Exchange Commission (SEC). The fund owned 10,758 shares of the enterprise providers supplier’s inventory after promoting 234,952 shares in the course of the interval. Pacer Advisors Inc.’s holdings in Omnicom Group had been value $913,000 as of its most up-to-date submitting with the Securities and Exchange Commission (SEC).
Quite a few different institutional buyers additionally lately purchased and bought shares of the inventory. Birch Capital Management LLC elevated its holdings in Omnicom Group by 3.2% within the 1st quarter. Birch Capital Management LLC now owns 5,406 shares of the enterprise providers supplier’s inventory valued at $459,000 after buying a further 169 shares over the last quarter. M&R Capital Management Inc. elevated its holdings in Omnicom Group by 400.0% within the 1st quarter. M&R Capital Management Inc. now owns 500 shares of the enterprise providers supplier’s inventory valued at $42,000 after buying a further 400 shares over the last quarter. Bradley Foster & Sargent Inc. CT elevated its holdings in Omnicom Group by 2.9% within the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 17,335 shares of the enterprise providers supplier’s inventory valued at $1,270,000 after buying a further 481 shares over the last quarter. BOKF NA elevated its holdings in Omnicom Group by 11.9% within the 4th quarter. BOKF NA now owns 21,544 shares of the enterprise providers supplier’s inventory valued at $1,579,000 after buying a further 2,299 shares over the last quarter. Finally, apricus wealth LLC acquired a brand new stake in Omnicom Group within the 4th quarter valued at roughly $787,000. Hedge funds and different institutional buyers personal 93.08% of the corporate’s inventory.
In associated information, Director Linda Johnson Rice bought 1,900 shares of the enterprise’s inventory in a transaction on Monday, April twenty fifth. The shares had been bought at a median value of $77.88, for a complete worth of $147,972.00. Following the completion of the sale, the director now instantly owns 9,784 shares of the corporate’s inventory, valued at $761,977.92. The sale was disclosed in a submitting with the SEC, which is offered by way of this hyperlink. 1.30% of the inventory is owned by insiders.
Several analysts lately weighed in on OMC shares. Macquarie downgraded shares of Omnicom Group from an “outperform” ranking to a “impartial” ranking in a report on Thursday. Edward Jones downgraded shares of Omnicom Group from a “purchase” ranking to a “maintain” ranking in a analysis word on Tuesday, June 14th. Argus upgraded shares of Omnicom Group from a “maintain” ranking to a “purchase” ranking and set a $95.00 value goal for the corporate in a analysis word on Friday, March 18th. InventoryNews.com upgraded shares of Omnicom Group from a “promote” ranking to a “maintain” ranking in a analysis word on Friday, April twenty ninth. Finally, Morgan Stanley dropped their value goal on shares of Omnicom Group from $84.00 to $70.00 and set an “underweight” ranking for the corporate in a analysis word on Friday, June tenth. Two funding analysts have rated the inventory with a promote ranking, six have issued a maintain ranking and two have assigned a purchase ranking to the inventory. Based on knowledge from MarketBeat.com, Omnicom Group has a consensus ranking of “Hold” and a consensus goal value of $88.11.
Omnicom Group inventory opened at $64.60 on Friday. The inventory has a market cap of $13.29 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of two.92 and a beta of 0.78. The firm has a fifty day easy shifting common of $73.49 and a 200-day easy shifting common of $76.98. Omnicom Group Inc. has a 12-month low of $61.67 and a 12-month excessive of $91.61. The firm has a present ratio of 0.94, a fast ratio of 0.85 and a debt-to-equity ratio of 1.59.
Omnicom Group (NYSE:OMC – Get Rating) final launched its quarterly earnings knowledge on Tuesday, April nineteenth. The enterprise providers supplier reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.11. The enterprise had income of $3.41 billion in the course of the quarter, in comparison with analysts’ expectations of $3.29 billion. Omnicom Group had a web margin of 9.06% and a return on fairness of 37.06%. The firm’s income for the quarter was down .5% on a year-over-year foundation. During the identical interval within the earlier 12 months, the corporate earned $1.33 EPS. As a gaggle, sell-side analysts forecast that Omnicom Group Inc. will submit 6.47 earnings per share for the present fiscal 12 months.
The firm additionally lately disclosed a quarterly dividend, which can be paid on Friday, July eighth. Stockholders of file on Friday, June tenth can be given a dividend of $0.70 per share. The ex-dividend date is Thursday, June ninth. This represents a $2.80 annualized dividend and a dividend yield of 4.33%. Omnicom Group’s dividend payout ratio (DPR) is at present 46.43%.
Omnicom Group Company Profile (Get Rating)
Omnicom Group Inc, along with its subsidiaries, gives promoting, advertising, and company communications providers. It gives a variety of providers within the areas of promoting, buyer relationship administration, public relations, and healthcare. The firm’s providers embrace promoting, branding, content material advertising, company social accountability consulting, disaster communications, customized publishing, knowledge analytics, database administration, digital/direct advertising, digital transformation, leisure advertising, experiential advertising, discipline advertising, monetary/company business-to-business promoting, graphic arts/digital imaging, healthcare advertising and communications, and in-store design providers.
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