Chatham Capital Group Inc. boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,410 shares of the business services provider’s stock after buying an additional 5,735 shares during the period. Omnicom Group makes up about 2.6% of Chatham Capital Group Inc.’s portfolio, making the stock its 8th largest position. Chatham Capital Group Inc.’s holdings in Omnicom Group were worth $9,345,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of OMC. FNY Partners Fund LP purchased a new stake in Omnicom Group during the fourth quarter valued at $128,000. Cribstone Capital Management LLC purchased a new stake in Omnicom Group during the first quarter valued at $164,000. Huntington Steele LLC purchased a new stake in Omnicom Group during the first quarter valued at $202,000. Mraz Amerine & Associates Inc. purchased a new stake in Omnicom Group during the third quarter valued at $204,000. Finally, Quadrature Capital Ltd purchased a new stake in Omnicom Group during the fourth quarter valued at $205,000. 96.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Omnicom Group Inc. (OMC) traded down 0.16% during midday trading on Friday, reaching $85.12. 1,273,739 shares of the company’s stock were exchanged. The stock has a market cap of $19.81 billion, a PE ratio of 17.35 and a beta of 1.28. The company’s 50 day moving average is $83.39 and its 200-day moving average is $85.11. Omnicom Group Inc. has a 12 month low of $75.61 and a 12 month high of $89.66.
Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, April 18th. The business services provider reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Omnicom Group had a return on equity of 40.97% and a net margin of 7.42%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. Equities analysts forecast that Omnicom Group Inc. will post $5.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Wednesday, June 14th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Monday, June 12th. Omnicom Group’s dividend payout ratio (DPR) is currently 45.93%.
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Several equities research analysts have recently weighed in on OMC shares. Royal Bank of Canada set a $96.00 target price on shares of Omnicom Group and gave the stock a “buy” rating in a report on Saturday, May 20th. Barclays PLC reaffirmed a “hold” rating and issued a $86.00 target price on shares of Omnicom Group in a report on Thursday, April 20th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Thursday, February 9th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Omnicom Group in a report on Wednesday, February 8th. Finally, Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $86.50.
In other news, Director Leonard S. Coleman, Jr. sold 2,038 shares of the business’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $83.93, for a total transaction of $171,049.34. Following the sale, the director now directly owns 24,853 shares in the company, valued at $2,085,912.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Bruce Crawford sold 22,800 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $84.91, for a total value of $1,935,948.00. Following the sale, the chairman now owns 105,250 shares in the company, valued at $8,936,777.50. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
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.
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