Omnicom Group Inc. (NYSE:OMC) VP Sells $297,510.00 in Stock

Omnicom Group Inc. (NYSE:OMC) VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Omnicom Group Stock Performance

Shares of OMC stock opened at $100.43 on Friday. The stock has a market cap of $19.67 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95. The stock has a 50-day moving average of $93.22 and a 200-day moving average of $92.65. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $100.61.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.81 earnings per share. As a group, sell-side analysts expect that Omnicom Group Inc. will post 7.92 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Macquarie reiterated an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a research report on Wednesday, July 17th. Finally, Barclays upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OMC. Center For Asset Management LLC increased its holdings in shares of Omnicom Group by 2.6% in the second quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider’s stock worth $384,000 after acquiring an additional 107 shares in the last quarter. Marino Stram & Associates LLC increased its stake in Omnicom Group by 1.0% during the 1st quarter. Marino Stram & Associates LLC now owns 11,613 shares of the business services provider’s stock worth $1,124,000 after purchasing an additional 110 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in Omnicom Group by 2.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock worth $413,000 after buying an additional 119 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in Omnicom Group by 18.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock valued at $70,000 after buying an additional 119 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Omnicom Group by 2.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock valued at $594,000 after buying an additional 122 shares during the period. 91.97% of the stock is currently owned by institutional investors.

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.