Optimist Retirement Group LLC Cuts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Optimist Retirement Group LLC cut its holdings in Omnicom Group Inc. (NYSE:OMC) by 19.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,386 shares of the business services provider’s stock after selling 588 shares during the quarter. Optimist Retirement Group LLC’s holdings in Omnicom Group were worth $214,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in shares of Omnicom Group in the fourth quarter worth approximately $26,000. Richardson Financial Services Inc. acquired a new stake in shares of Omnicom Group in the fourth quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Omnicom Group in the second quarter worth approximately $33,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group in the second quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Omnicom Group by 47.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider’s stock worth $37,000 after acquiring an additional 139 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

NYSE:OMC opened at $102.61 on Thursday. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $103.58. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $20.09 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.27 and a beta of 0.94. The stock’s fifty day moving average is $96.11 and its two-hundred day moving average is $93.87.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the previous year, the business earned $1.81 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts expect that Omnicom Group Inc. will post 7.95 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.73%. Omnicom Group’s dividend payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America lifted their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. UBS Group boosted their price objective on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Macquarie reissued an “outperform” rating and set a $110.00 price objective on shares of Omnicom Group in a research note on Wednesday, July 17th. One 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, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target of $106.30.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total value of $44,349.44. Following the sale, the director now owns 10,356 shares in the company, valued at approximately $941,153.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of the sale, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

About Omnicom Group

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.