Mercer Global Advisors Inc. ADV Reduces Position in Omnicom Group Inc. (NYSE:OMC)

Mercer Global Advisors Inc. ADV lowered its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,750 shares of the business services provider’s stock after selling 476 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Omnicom Group were worth $3,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of OMC. Richardson Financial Services Inc. purchased a new position in shares of Omnicom Group during the 4th quarter valued at approximately $29,000. Innealta Capital LLC acquired a new position in Omnicom Group during the 2nd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Omnicom Group in the 2nd quarter worth about $33,000. EverSource Wealth Advisors LLC raised its stake in shares of Omnicom Group by 47.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group during the first quarter worth about $50,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the subject of several research analyst reports. Bank of America boosted their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Macquarie reissued an “outperform” rating and set a $110.00 price target on shares of Omnicom Group in a research report on Wednesday, July 17th. Finally, UBS Group lifted their price objective on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One equities research 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. According to MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $106.30.

Omnicom Group Price Performance

NYSE OMC opened at $102.30 on Friday. The company has a 50-day moving average price of $96.52 and a two-hundred day moving average price of $94.06. 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 $20.03 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31.

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 the consensus estimate of $1.88 by $0.07. The firm had revenue of $3.85 billion for 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%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $1.81 EPS. Analysts forecast 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. Investors of record on Friday, September 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Insider Buying and Selling

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

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.