Delphi Management Inc. MA reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 7.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,093 shares of the company’s stock after selling 2,200 shares during the period. Omnicom Group comprises 1.5% of Delphi Management Inc. MA’s investment portfolio, making the stock its 15th largest position. Delphi Management Inc. MA’s holdings in Omnicom Group were worth $2,388,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Advisor Partners LLC raised its position in shares of Omnicom Group by 6.8% in the second quarter. Advisor Partners LLC now owns 3,862 shares of the company’s stock valued at $315,000 after buying an additional 246 shares during the period. LSV Asset Management boosted its stake in Omnicom Group by 46.7% in the third quarter. LSV Asset Management now owns 6,600 shares of the company’s stock valued at $561,000 after buying an additional 2,100 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Omnicom Group by 12.7% in the second quarter. Macquarie Group Ltd. now owns 157,426 shares of the company’s stock valued at $12,828,000 after buying an additional 17,714 shares in the last quarter. Schroder Investment Management Group boosted its stake in Omnicom Group by 5.3% in the third quarter. Schroder Investment Management Group now owns 1,694,839 shares of the company’s stock valued at $144,062,000 after buying an additional 85,448 shares in the last quarter. Finally, National Pension Service boosted its stake in Omnicom Group by 8.7% in the third quarter. National Pension Service now owns 188,417 shares of the company’s stock valued at $16,015,000 after buying an additional 15,034 shares in the last quarter. 96.65% of the stock is owned by institutional investors.
Shares of Omnicom Group Inc. (NYSE:OMC) opened at 85.33 on Monday. The firm’s 50-day moving average is $85.61 and its 200 day moving average is $84.30. Omnicom Group Inc. has a 12 month low of $71.25 and a 12 month high of $89.66. The company has a market capitalization of $20.13 billion, a PE ratio of 17.85 and a beta of 1.28.
Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 7th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.03. The firm earned $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Omnicom Group had a net margin of 7.42% and a return on equity of 40.97%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.35 earnings per share. Equities research analysts predict that Omnicom Group Inc. will post $5.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 7th. Stockholders of record on Thursday, March 9th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $2.20 annualized dividend and a dividend yield of 2.58%. Omnicom Group’s payout ratio is 45.93%.
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Several equities research analysts recently commented on OMC shares. Pivotal Research reaffirmed a “hold” rating and issued a $79.00 price objective on shares of Omnicom Group in a research report on Thursday, January 12th. Zacks Investment Research cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC reaffirmed a “hold” rating on shares of Omnicom Group in a research report on Wednesday, February 8th. Finally, Wedbush boosted their price objective on shares of Omnicom Group from $86.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Thirteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $86.27.
In related news, Director Leonard S. Coleman, Jr. sold 986 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $87.74, for a total transaction of $86,511.64. Following the completion of the transaction, the director now owns 26,829 shares of the company’s stock, valued at $2,353,976.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.
Omnicom Group Company Profile
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.
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