Global X Management Co. LLC Buys 510 Shares of Omnicom Group Inc. (OMC)

Global X Management Co. LLC increased its position in Omnicom Group Inc. (NYSE:OMC) by 29.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,245 shares of the business services provider’s stock after buying an additional 510 shares during the period. Global X Management Co. LLC’s holdings in Omnicom Group were worth $194,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Omnicom Group during the fourth quarter worth approximately $176,690,000. PagnatoKarp Partners LLC acquired a new position in shares of Omnicom Group during the fourth quarter worth approximately $1,828,000. Thrivent Financial for Lutherans raised its position in shares of Omnicom Group by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,250 shares of the business services provider’s stock worth $702,000 after buying an additional 510 shares during the period. IFM Investors Pty Ltd acquired a new position in shares of Omnicom Group during the fourth quarter worth approximately $260,000. Finally, Heritage Way Advisors LLC acquired a new position in shares of Omnicom Group during the fourth quarter worth approximately $1,977,000. 97.50% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Inc. (NYSE:OMC) opened at 83.05 on Wednesday. Omnicom Group Inc. has a one year low of $75.61 and a one year high of $89.66. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of 16.93 and a beta of 1.25. The stock’s 50 day moving average is $82.99 and its 200 day moving average is $84.70.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 18th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.55 billion. Omnicom Group had a net margin of 7.54% and a return on equity of 42.34%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. On average, analysts predict that Omnicom Group Inc. will post $5.03 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Wednesday, June 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Monday, June 12th. Omnicom Group’s dividend payout ratio (DPR) is presently 44.81%.

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OMC has been the topic of a number of recent research reports. Royal Bank Of Canada set a $96.00 price target on shares of Omnicom Group and gave the stock a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Barclays PLC reiterated a “hold” rating and set a $86.00 price target on shares of Omnicom Group in a report on Thursday, April 20th. Evercore ISI initiated coverage on shares of Omnicom Group in a report on Monday, April 17th. They set an “in-line” rating and a $91.00 price target on the stock. They noted that the move was a valuation call. Finally, Macquarie lowered shares of Omnicom Group from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $83.00 in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $86.23.

In other news, Director Leonard S. Coleman, Jr. sold 2,038 shares of the firm’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $83.93, for a total value of $171,049.34. Following the completion of the sale, the director now directly owns 24,853 shares of the company’s stock, valued at approximately $2,085,912.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Bruce Crawford sold 22,800 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the completion of the sale, the chairman now directly owns 105,250 shares of the company’s stock, valued at $8,936,777.50. The disclosure for this sale can be found here. 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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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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