Calamos Advisors LLC Reduces Position in Omnicom Group Inc. (OMC)

Calamos Advisors LLC cut its position in shares of Omnicom Group Inc. (NYSE:OMC) by 45.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,719 shares of the company’s stock after selling 2,276 shares during the period. Calamos Advisors LLC’s holdings in Omnicom Group were worth $231,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. City Holding Co. raised its stake in Omnicom Group by 0.4% in the third quarter. City Holding Co. now owns 1,949 shares of the company’s stock valued at $166,000 after buying an additional 7 shares during the period. Dowling & Yahnke LLC raised its stake in Omnicom Group by 0.3% in the third quarter. Dowling & Yahnke LLC now owns 4,256 shares of the company’s stock valued at $362,000 after buying an additional 13 shares during the period. New York Life Trust Co. raised its stake in Omnicom Group by 1.1% in the third quarter. New York Life Trust Co. now owns 1,333 shares of the company’s stock valued at $113,000 after buying an additional 15 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Omnicom Group by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,520 shares of the company’s stock valued at $639,000 after buying an additional 20 shares during the period. Finally, Savant Capital LLC raised its stake in Omnicom Group by 1.5% in the third quarter. Savant Capital LLC now owns 2,669 shares of the company’s stock valued at $227,000 after buying an additional 40 shares during the period. 96.65% of the stock is currently owned by hedge funds and other institutional investors.

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

Omnicom Group Inc. (NYSE:OMC) opened at 85.03 on Wednesday. Omnicom Group Inc. has a 12 month low of $75.10 and a 12 month high of $89.66. The stock’s 50 day moving average price is $85.58 and its 200-day moving average price is $84.37. The company has a market capitalization of $20.06 billion, a P/E ratio of 17.79 and a beta of 1.28.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 7th. The company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.03. Omnicom Group had a return on equity of 40.97% and a net margin of 7.42%. The business earned $4.24 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the previous year, the business earned $1.35 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that Omnicom Group Inc. will post $5.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 7th. Investors of record on Thursday, March 9th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.59%. The ex-dividend date is Tuesday, March 7th. Omnicom Group’s payout ratio is 45.93%.

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Several analysts have recently issued reports on OMC shares. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Thursday, February 9th. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Wedbush increased their target price on Omnicom Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Pivotal Research reissued a “hold” rating and set a $79.00 target price on shares of Omnicom Group in a report on Thursday, January 12th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Omnicom Group in a report on Wednesday, February 8th. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Omnicom Group currently has a consensus rating of “Hold” and an average target price of $86.27.

In other news, Director Leonard S. Coleman, Jr. sold 986 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $87.74, for a total value of $86,511.64. Following the completion of the transaction, the director now directly owns 26,829 shares in the company, valued at approximately $2,353,976.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Dennis E. Hewitt sold 1,400 shares of the company’s stock in a transaction dated Saturday, February 11th. The stock was sold at an average price of $85.14, for a total value of $119,196.00. Following the completion of the transaction, the treasurer now owns 37,175 shares of the company’s stock, valued at $3,165,079.50. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

About Omnicom Group

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

5 Day Chart for NYSE:OMC

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