Steigerwald Gordon & Koch Inc. Boosts Position in Omnicom Group Inc. (NYSE:OMC)

Steigerwald Gordon & Koch Inc. boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 160,846 shares of the business services provider’s stock after acquiring an additional 4,106 shares during the quarter. Omnicom Group accounts for 1.8% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 26th biggest holding. Steigerwald Gordon & Koch Inc. owned 0.08% of Omnicom Group worth $16,630,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Richardson Financial Services Inc. bought a new position in shares of Omnicom Group in the fourth quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Omnicom Group in the second quarter worth approximately $33,000. Innealta Capital LLC purchased a new stake in shares of Omnicom Group in the second quarter worth approximately $33,000. Davis Capital Management purchased a new stake in shares of Omnicom Group in the third quarter worth approximately $36,000. Finally, Northwest Investment Counselors LLC bought a new position in Omnicom Group in the first quarter worth approximately $50,000. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OMC. JPMorgan Chase & Co. increased their target price on Omnicom Group from $106.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Bank of America lifted their price target on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. Macquarie reissued an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a report on Wednesday, July 17th. Finally, UBS Group upped their price target on 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 given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and an average target price of $107.30.

Insiders Place Their Bets

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Omnicom Group 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 transaction, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Omnicom Group Price Performance

Shares of OMC stock traded down $0.83 during trading hours on Thursday, reaching $101.95. The company had a trading volume of 148,268 shares, compared to its average volume of 1,524,657. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The stock has a fifty day moving average of $98.67 and a 200-day moving average of $94.85. The company has a market capitalization of $19.97 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.38 and a beta of 0.94. Omnicom Group Inc. has a 12-month low of $73.28 and a 12-month high of $104.80.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.07. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates 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 for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 earnings per share. On average, equities analysts anticipate that Omnicom Group Inc. will post 7.88 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders 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 yield of 2.75%. The ex-dividend date is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

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.