Omnicom Group Inc. (NYSE:OMC) Shares Sold by Boston Research & Management Inc.

Boston Research & Management Inc. lowered its position in shares of Omnicom Group Inc. (NYSE:OMC) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,193 shares of the business services provider’s stock after selling 820 shares during the period. Boston Research & Management Inc.’s holdings in Omnicom Group were worth $4,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Center For Asset Management LLC grew its position in Omnicom Group by 2.6% in the 2nd quarter. Center For Asset Management LLC now owns 4,277 shares of the business services provider’s stock valued at $384,000 after buying an additional 107 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Omnicom Group by 2.9% in the first quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 119 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Omnicom Group by 18.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the business services provider’s stock worth $70,000 after acquiring an additional 119 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Omnicom Group by 2.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock worth $594,000 after acquiring an additional 122 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Omnicom Group by 1.8% during the second quarter. Parallel Advisors LLC now owns 7,184 shares of the business services provider’s stock worth $644,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

Omnicom Group Price Performance

Shares of NYSE OMC opened at $102.30 on Friday. 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 company’s 50-day moving average price is $96.52 and its 200 day moving average price is $94.03. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $104.80. The stock has a market cap of $20.03 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.27 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the company posted $1.81 EPS. The company’s revenue was up 6.8% on a year-over-year basis. As a group, research analysts forecast that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued a $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.74%. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Insider Activity at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s 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 completion of the transaction, the vice president now 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 Securities & Exchange Commission, which is available at the SEC website. In related 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 sale, the director now owns 10,356 shares in the company, valued at $941,153.28. 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 business’s stock in a transaction on Monday, August 26th. The shares were 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 of the company’s stock, valued at $1,524,738.75. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

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.