Pinkerton Retirement Specialists LLC Acquires 3,325 Shares of Omnicom Group Inc. (NYSE:OMC)

Pinkerton Retirement Specialists LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,061 shares of the business services provider’s stock after acquiring an additional 3,325 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Omnicom Group were worth $4,042,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

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

Omnicom Group Stock Up 0.3 %

OMC opened at $98.55 on Friday. The company has a fifty day moving average price of $95.21 and a 200-day moving average price of $93.48. The firm has a market capitalization of $19.28 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $102.13.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.07. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.81 EPS. Equities research analysts expect that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

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 $0.70 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.80 annualized dividend and a yield of 2.84%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the transaction, the director now directly owns 10,356 shares in the company, valued at $941,153.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Omnicom Group news, 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 sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

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.