Delphi Management Inc. MA Takes Position in Omnicom Group Inc. (NYSE:OMC)

Delphi Management Inc. MA bought a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,601 shares of the business services provider’s stock, valued at approximately $1,489,000.

Other hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new position in Omnicom Group in the fourth quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Omnicom Group in the second quarter worth approximately $33,000. Innealta Capital LLC bought a new position in Omnicom Group in the second quarter worth approximately $33,000. Northwest Investment Counselors LLC bought a new position in Omnicom Group in the first quarter worth approximately $50,000. Finally, YHB Investment Advisors Inc. bought a new position in Omnicom Group in the first quarter worth approximately $52,000. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

OMC has been the topic of several recent research reports. UBS Group increased their target price on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Macquarie reaffirmed an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a research report on Wednesday, July 17th. Finally, Bank of America increased their target price on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research report on Thursday, September 5th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.30.

Omnicom Group Stock Performance

Shares of OMC opened at $103.39 on Tuesday. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $104.80. The stock has a fifty day moving average price of $97.69 and a 200-day moving average price of $94.45. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The firm has a market cap of $20.25 billion, a PE ratio of 13.97, a P/E/G ratio of 2.38 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 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 firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the business posted $1.81 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts predict that Omnicom Group Inc. will post 7.88 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm 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 dividend of $0.70 per share. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 2.71%. Omnicom Group’s dividend payout ratio is presently 37.84%.

Insider Activity

In related news, Director Linda Johnson Rice sold 488 shares of the firm’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 completion of the transaction, the director now owns 10,356 shares in the company, valued at approximately $941,153.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s 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 completion of the transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of the firm’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 completion of the transaction, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. 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.