Massmutual Trust Co. FSB ADV Purchases 233 Shares of Omnicom Group Inc. (NYSE:OMC)

Massmutual Trust Co. FSB ADV grew its position in Omnicom Group Inc. (NYSE:OMC) by 29.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,013 shares of the business services provider’s stock after purchasing an additional 233 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Omnicom Group were worth $105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of OMC. Boston Trust Walden Corp lifted its stake 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 valued at $16,723,000 after acquiring an additional 14,153 shares in the last quarter. Norden Group LLC bought a new stake in shares of Omnicom Group in the first quarter worth $1,860,000. Mediolanum International Funds Ltd bought a new stake in shares of Omnicom Group in the first quarter worth $1,534,000. SG Americas Securities LLC boosted its holdings in Omnicom Group by 37.0% during the second quarter. SG Americas Securities LLC now owns 64,481 shares of the business services provider’s stock worth $5,784,000 after purchasing an additional 17,414 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new position in Omnicom Group in the first quarter valued at $2,990,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

OMC opened at $101.55 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. Omnicom Group Inc. has a 12-month low of $72.62 and a 12-month high of $104.80. The business has a 50 day moving average of $98.40 and a 200-day moving average of $94.69. The stock has a market cap of $19.89 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 2.38 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last announced its quarterly 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. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter last year, the firm posted $1.81 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities research analysts expect that Omnicom Group Inc. will post 7.88 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

Analyst Ratings Changes

Several brokerages have commented on OMC. UBS Group boosted their price target on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. upped their target price on Omnicom Group from $106.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Macquarie restated 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 upped their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. One equities 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, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $107.30.

Insider Buying and Selling

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the sale, the director now directly owns 10,356 shares in the company, valued at $941,153.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other 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 transaction of $297,510.00. Following the completion of the sale, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Omnicom Group 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.