Insider Selling: Omnicom Group Inc. (NYSE:OMC) Director Sells $44,349.44 in Stock

Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction that occurred 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 directly owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Linda Johnson Rice also recently made the following trade(s):

• On Friday, May 3rd, Linda Johnson Rice sold 453 shares of Omnicom Group stock. The stock was sold at an average price of $92.68, for a total value of $41,984.04.

Omnicom Group Stock Performance

Shares of OMC opened at $93.33 on Friday. The firm has a market cap of $18.26 billion, a PE ratio of 12.61, a PEG ratio of 2.18 and a beta of 0.95. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $98.06. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The stock’s fifty day moving average price is $91.39 and its two-hundred day moving average price is $91.47.

Omnicom Group (NYSE:OMC) last announced its quarterly 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. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the business earned $1.81 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts forecast that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Dividend Announcement

The firm 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 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

Hedge Funds Weigh In On Omnicom Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marino Stram & Associates LLC lifted its stake in Omnicom Group by 1.0% during the first quarter. Marino Stram & Associates LLC now owns 11,613 shares of the business services provider’s stock worth $1,124,000 after purchasing an additional 110 shares during the last quarter. Greenleaf Trust lifted its stake in Omnicom Group by 0.5% during the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after purchasing an additional 119 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in 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 purchasing an additional 119 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in 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 purchasing an additional 119 shares during the last quarter. Finally, Cambridge Trust Co. lifted its stake in Omnicom Group by 4.2% during the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after purchasing an additional 121 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OMC has been the subject of a number of research reports. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $100.00 to $110.00 in a research note on Tuesday, May 7th. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised their target price on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, Macquarie reiterated an “outperform” rating and set a $110.00 price target on shares of Omnicom Group in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.70.

Omnicom Group Company 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.