Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Wahed Invest LLC

Wahed Invest LLC raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,367 shares of the business services provider’s stock after acquiring an additional 242 shares during the period. Wahed Invest LLC’s holdings in Omnicom Group were worth $291,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. HHM Wealth Advisors LLC purchased a new position in Omnicom Group during the fourth quarter worth approximately $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Omnicom Group during the 4th quarter worth $26,000. Pinnacle Bancorp Inc. boosted its position in shares of Omnicom Group by 61.6% during 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. Richardson Financial Services Inc. purchased a new stake in shares of Omnicom Group in the fourth quarter valued at about $29,000. Finally, First United Bank & Trust acquired a new stake in Omnicom Group during the fourth quarter worth about $35,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 1.9 %

Shares of OMC opened at $90.08 on Tuesday. The company’s 50-day simple moving average is $93.19 and its 200-day simple moving average is $90.42. 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 1 year low of $72.20 and a 1 year high of $99.23. The stock has a market capitalization of $17.64 billion, a PE ratio of 12.17, a P/E/G ratio of 2.06 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.15. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.58 billion. Analysts forecast that Omnicom Group Inc. will post 7.84 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be issued a $0.70 dividend. The ex-dividend date is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.11%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Buying and Selling

In other Omnicom Group news, 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 value of $41,984.04. Following the sale, the director now owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OMC shares. 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 report on Wednesday, April 17th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Macquarie increased their price target on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $104.40.

Omnicom Group 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.