Semmax Financial Advisors Inc. Cuts Position in Omnicom Group Inc. (NYSE:OMC)

Semmax Financial Advisors Inc. reduced its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,104 shares of the business services provider’s stock after selling 186 shares during the period. Semmax Financial Advisors Inc.’s holdings in Omnicom Group were worth $3,409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OMC. Boston Trust Walden Corp increased its holdings in Omnicom Group by 8.2% in the 2nd quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock worth $16,723,000 after acquiring an additional 14,153 shares in the last quarter. Norden Group LLC acquired a new position in shares of Omnicom Group during the 1st quarter worth about $1,860,000. Kodai Capital Management LP purchased a new position in Omnicom Group in the 4th quarter valued at about $27,419,000. Morningstar Investment Services LLC boosted its holdings in Omnicom Group by 98.7% in the 4th 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 during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new stake in Omnicom Group during the 1st quarter worth approximately $1,534,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Omnicom Group Stock Up 0.0 %

Shares of NYSE OMC opened at $102.31 on Tuesday. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $104.80. The company has a market capitalization of $20.04 billion, a P/E ratio of 13.83, a P/E/G ratio of 2.27 and a beta of 0.94. The company has a 50 day simple moving average of $96.69 and a 200-day simple moving average of $94.15. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The business 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%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 7.95 earnings per share for the current 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 issued a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.74%. Omnicom Group’s dividend payout ratio is currently 37.84%.

Insider Transactions at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the business’s 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 owns 10,356 shares of the company’s stock, valued at $941,153.28. The sale was disclosed in a filing with the SEC, which can be accessed 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 firm’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 of the company’s stock, valued at $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.