Public Employees Retirement Association of Colorado Trims Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Public Employees Retirement Association of Colorado reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,796 shares of the business services provider’s stock after selling 863 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Omnicom Group were worth $1,776,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OMC. Boston Partners lifted its holdings in Omnicom Group by 11.0% during the first quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock valued at $374,795,000 after purchasing an additional 383,560 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Omnicom Group by 37.0% during the 2nd 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 buying an additional 892,494 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Omnicom Group by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider’s stock worth $269,734,000 after buying an additional 165,136 shares during the period. First Trust Advisors LP increased its stake in Omnicom Group by 7.7% in the 4th quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock worth $224,832,000 after buying an additional 186,562 shares in the last quarter. Finally, Cooke & Bieler LP raised its holdings in Omnicom Group by 4.8% during the second quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider’s stock valued at $215,249,000 after acquiring an additional 109,406 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on OMC shares. Macquarie reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a research note on Wednesday, July 17th. Bank of America increased their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Finally, UBS Group boosted their target price 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and a consensus target price of $106.30.

Omnicom Group Trading Up 0.0 %

Shares of OMC opened at $102.31 on Tuesday. The stock has a market capitalization of $20.04 billion, a PE ratio of 13.83, a P/E/G ratio of 2.27 and a beta of 0.94. The company’s fifty day moving average is $96.69 and its 200 day moving average is $94.15. 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 Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $104.80.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (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 net margin of 9.55% and a return on equity of 37.51%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 EPS. Sell-side analysts expect that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the transaction, the director now directly owns 10,356 shares in the company, valued at approximately $941,153.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the sale, the vice president now directly owns 15,375 shares of the company’s stock, 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.