Elo Mutual Pension Insurance Co Sells 469 Shares of Omnicom Group Inc. (NYSE:OMC)

Elo Mutual Pension Insurance Co decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,617 shares of the business services provider’s stock after selling 469 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Omnicom Group were worth $1,580,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new stake in Omnicom Group during the fourth quarter valued at $26,000. Richardson Financial Services Inc. acquired a new position in shares of Omnicom Group during the 4th quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Omnicom Group during the second quarter worth $33,000. Innealta Capital LLC acquired a new stake in Omnicom Group in the second quarter worth $33,000. Finally, EverSource Wealth Advisors LLC increased its stake in Omnicom Group by 47.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Insider Buying and Selling

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were 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 approximately $1,524,738.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Omnicom Group 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 sale, the director now directly owns 10,356 shares of the company’s stock, valued at $941,153.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the company’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 transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. UBS Group raised 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $106.30.

Omnicom Group Trading Down 0.9 %

Shares of Omnicom Group stock opened at $102.30 on Friday. The company has a market capitalization of $20.03 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The stock has a fifty day simple moving average of $96.52 and a 200 day simple moving average of $94.03. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $104.80. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the firm earned $1.81 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

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