Blair William & Co. IL Has $11.13 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Blair William & Co. IL trimmed its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,030 shares of the business services provider’s stock after selling 287 shares during the period. Blair William & Co. IL owned about 0.06% of Omnicom Group worth $11,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Jacobs Levy Equity Management Inc. raised its holdings in shares of Omnicom Group by 319.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,450,160 shares of the business services provider’s stock worth $140,317,000 after acquiring an additional 1,104,566 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Omnicom Group in the 4th quarter valued at about $93,634,000. Bank of New York Mellon Corp lifted its holdings in shares of Omnicom Group by 37.0% in the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock valued at $296,717,000 after purchasing an additional 892,494 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Omnicom Group during the second quarter worth about $56,177,000. Finally, Morningstar Investment Services LLC grew its holdings in shares of Omnicom Group by 98.7% during the fourth quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock worth $104,037,000 after buying an additional 595,746 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Up 1.2 %

Shares of OMC stock opened at $103.89 on Friday. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $104.80. The stock has a market cap of $20.35 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.27 and a beta of 0.94. The firm’s 50-day moving average is $96.34 and its 200-day moving average is $93.94. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC) last released 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 company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. During the same period last year, the firm posted $1.81 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. Sell-side analysts predict that Omnicom Group Inc. will post 7.95 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is presently 37.84%.

Insider Transactions at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’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 value of $297,510.00. Following the transaction, the vice president now owns 15,375 shares of the company’s stock, 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. Also, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction that occurred 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 directly owns 10,356 shares of the company’s stock, valued at $941,153.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. UBS Group upped their price target 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 target on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, Bank of America increased their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.30.

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.