Omnicom Group Inc. (NYSE:OMC) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 99.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,993 shares of the business services provider’s stock after selling 2,161,517 shares during the quarter. Pacer Advisors Inc.’s holdings in Omnicom Group were worth $1,524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Omnicom Group during the fourth quarter worth about $21,424,000. Parallel Advisors LLC lifted its stake in Omnicom Group by 7.4% in the fourth quarter. Parallel Advisors LLC now owns 6,992 shares of the business services provider’s stock valued at $605,000 after buying an additional 481 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $274,000. J. W. Coons Advisors LLC grew its position in shares of Omnicom Group by 11.9% during the fourth quarter. J. W. Coons Advisors LLC now owns 9,693 shares of the business services provider’s stock worth $839,000 after acquiring an additional 1,031 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Omnicom Group by 0.9% during the fourth quarter. Treasurer of the State of North Carolina now owns 92,811 shares of the business services provider’s stock worth $8,029,000 after acquiring an additional 835 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the 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 sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of the firm’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 owns 10,356 shares of the company’s stock, valued at $941,153.28. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Omnicom Group Trading Up 2.3 %

Shares of OMC stock opened at $103.00 on Friday. The business’s fifty day moving average price is $97.00 and its 200 day moving average price is $94.27. The firm has a market capitalization of $20.15 billion, a PE ratio of 13.92, a P/E/G ratio of 2.38 and a beta of 0.94. 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 Inc. has a 1-year low of $72.20 and a 1-year high of $104.80.

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 analysts’ consensus estimates of $1.88 by $0.07. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $1.81 EPS. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on OMC shares. Macquarie reiterated an “outperform” rating and set a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. Bank of America increased their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. Finally, UBS Group upped their price objective on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.30.

Omnicom Group Company 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.