Omnicom Group Inc. (NYSE:OMC) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 4.8% in the third quarter, HoldingsChannel reports. The firm owned 30,617 shares of the business services provider’s stock after selling 1,544 shares during the period. HBW Advisory Services LLC’s holdings in Omnicom Group were worth $3,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Center For Asset Management LLC increased its stake 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 period. Park Avenue Securities LLC increased its stake in shares of Omnicom Group by 1.1% in the third quarter. Park Avenue Securities LLC now owns 10,151 shares of the business services provider’s stock worth $1,049,000 after acquiring an additional 113 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Omnicom Group by 2.9% during the first quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock worth $413,000 after acquiring an additional 119 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings 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 in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in 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 valued at $594,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

OMC stock traded up $0.54 during mid-day trading on Friday, reaching $101.56. 285,243 shares of the stock traded hands, compared to its average volume of 1,533,644. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. Omnicom Group Inc. has a 52 week low of $72.62 and a 52 week high of $104.80. The business has a 50-day moving average of $98.28 and a two-hundred day moving average of $94.62. The firm has a market capitalization of $19.89 billion, a PE ratio of 13.65, a P/E/G ratio of 2.38 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.07. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $1.81 EPS. As a group, equities analysts predict that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Insider Activity at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Linda Johnson Rice sold 488 shares of the business’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 sale, the director now owns 10,356 shares of the company’s stock, valued at $941,153.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the vice president now owns 15,375 shares of the company’s stock, valued at $1,524,738.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of recent research reports. Macquarie reaffirmed 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 raised their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $106.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, UBS Group raised their price target on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, July 18th. One equities 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 stock. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target of $107.30.

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.