Omnicom Group Inc. (NYSE:OMC) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC trimmed its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,666 shares of the business services provider’s stock after selling 483 shares during the period. EP Wealth Advisors LLC’s holdings in Omnicom Group were worth $404,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Arvest Investments Inc. acquired a new position in shares of Omnicom Group during the fourth quarter valued at $1,969,000. Raymond James & Associates increased its holdings in shares of Omnicom Group by 3.3% during the fourth quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock valued at $37,471,000 after purchasing an additional 13,709 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Omnicom Group by 1,627.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock valued at $5,752,000 after buying an additional 62,640 shares in the last quarter. Kodai Capital Management LP bought a new position in Omnicom Group during the fourth quarter valued at about $27,419,000. Finally, Occidental Asset Management LLC boosted its stake in Omnicom Group by 329.0% during the fourth quarter. Occidental Asset Management LLC now owns 13,802 shares of the business services provider’s stock valued at $1,194,000 after buying an additional 10,585 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 453 shares of the firm’s 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 completion of the sale, the director now directly owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Trading Up 1.2 %

Shares of NYSE OMC opened at $91.16 on Wednesday. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23. The firm has a market capitalization of $17.85 billion, a PE ratio of 12.32, a PEG ratio of 2.06 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average price of $93.13 and a two-hundred day moving average price of $90.48.

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

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.07%. Omnicom Group’s payout ratio is presently 37.84%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on OMC shares. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised their target price on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $91.00 to $106.00 in a research note 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.