Omnicom Group Inc. (NYSE:OMC) Shares Sold by Empirical Finance LLC

Empirical Finance LLC lessened its holdings in Omnicom Group Inc. (NYSE:OMCGet Rating) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,090 shares of the business services provider’s stock after selling 1,010 shares during the period. Empirical Finance LLC’s holdings in Omnicom Group were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of OMC. Clean Yield Group increased its position in shares of Omnicom Group by 150.7% during the fourth quarter. Clean Yield Group now owns 341 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 205 shares during the last quarter. Allworth Financial LP increased its stake in Omnicom Group by 1,581.0% in the 3rd quarter. Allworth Financial LP now owns 353 shares of the business services provider’s stock valued at $26,000 after buying an additional 332 shares during the period. TCI Wealth Advisors Inc. grew its stake in shares of Omnicom Group by 705.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 411 shares of the business services provider’s stock worth $30,000 after purchasing an additional 360 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Omnicom Group by 475.3% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 489 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 404 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. acquired a new stake in Omnicom Group in the 4th quarter valued at about $37,000. 91.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of OMC opened at $78.69 on Monday. The firm has a market capitalization of $16.28 billion, a P/E ratio of 12.05, a P/E/G ratio of 2.27 and a beta of 0.75. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.91 and a current ratio of 0.98. The stock has a 50 day moving average price of $82.22 and a two-hundred day moving average price of $76.04. Omnicom Group Inc. has a 52 week low of $65.76 and a 52 week high of $91.61.

Omnicom Group (NYSE:OMCGet Rating) last issued its quarterly earnings data on Tuesday, February 8th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.23. Omnicom Group had a return on equity of 36.60% and a net margin of 9.85%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the business posted $1.90 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Omnicom Group Inc. will post 6.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Thursday, March 10th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.56%. The ex-dividend date was Wednesday, March 9th. Omnicom Group’s dividend payout ratio (DPR) is 42.88%.

Several research analysts recently commented on OMC shares. Wells Fargo & Company raised their price target on shares of Omnicom Group from $85.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, February 9th. Wolfe Research lifted their price target on Omnicom Group from $81.00 to $85.00 and gave the stock a “peer perform” rating in a research note on Wednesday, February 9th. Macquarie lifted their target price on Omnicom Group from $85.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, February 10th. Morgan Stanley lifted their price target on Omnicom Group from $78.00 to $84.00 and gave the stock an “underweight” rating in a research report on Thursday, February 10th. Finally, StockNews.com began coverage on Omnicom Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $87.90.

In other Omnicom Group news, CAO Andrew Castellaneta sold 5,000 shares of Omnicom Group stock in a transaction on Friday, February 11th. The shares were sold at an average price of $85.47, for a total transaction of $427,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Rochelle M. Tarlowe sold 1,500 shares of Omnicom Group stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $85.86, for a total value of $128,790.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Omnicom Group Company Profile (Get Rating)

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

Further Reading

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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