Omnicom Group Inc. (NYSE:OMC) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,588 shares of the business services provider’s stock after selling 305 shares during the quarter. GAMMA Investing LLC’s holdings in Omnicom Group were worth $481,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of OMC. Versant Capital Management Inc boosted its stake in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after buying an additional 38,022 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Omnicom Group by 0.6% during the third quarter. Tidal Investments LLC now owns 34,307 shares of the business services provider’s stock worth $3,547,000 after buying an additional 195 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Omnicom Group during the third quarter valued at $740,000. Finally, Arvest Bank Trust Division acquired a new position in shares of Omnicom Group in the 3rd quarter valued at $21,191,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insider Activity at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays boosted their price target on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. UBS Group upped their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.00.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $85.89 on Monday. The company has a market capitalization of $16.76 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The company’s fifty day moving average price is $96.97 and its 200 day moving average price is $96.93. Omnicom Group Inc. has a 1 year low of $84.43 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period last year, the firm earned $1.86 EPS. On average, research analysts predict that Omnicom Group Inc. will post 7.92 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.26%. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

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.