Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 497 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $83.59, for a total transaction of $41,544.23. Following the completion of the transaction, the director now owns 8,161 shares in the company, valued at $682,177.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Linda Johnson Rice also recently made the following trade(s):

  • On Thursday, February 14th, Linda Johnson Rice sold 495 shares of Omnicom Group stock. The stock was sold at an average price of $74.79, for a total transaction of $37,021.05.

Shares of NYSE OMC opened at $81.79 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.88 and a quick ratio of 0.82. The firm has a market capitalization of $18.12 billion, a PE ratio of 14.22, a PEG ratio of 2.96 and a beta of 0.68. Omnicom Group Inc. has a 1 year low of $65.85 and a 1 year high of $84.35.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.09. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Omnicom Group had a net margin of 8.76% and a return on equity of 44.01%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 earnings per share. As a group, research analysts predict that Omnicom Group Inc. will post 5.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 11th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Omnicom Group’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.18%. Omnicom Group’s dividend payout ratio is 45.22%.

OMC has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Friday, January 25th. BMO Capital Markets decreased their price target on shares of Omnicom Group from $84.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 13th. Macquarie set a $76.00 price target on shares of Omnicom Group and gave the stock a “hold” rating in a research report on Thursday, February 14th. Citigroup increased their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Finally, Barclays raised shares of Omnicom Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $76.00 to $84.00 in a research note on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $76.90.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Conning Inc. increased its stake in shares of Omnicom Group by 1.2% in the first quarter. Conning Inc. now owns 576,334 shares of the business services provider’s stock worth $42,067,000 after purchasing an additional 6,577 shares in the last quarter. Beacon Financial Group grew its stake in Omnicom Group by 30.2% during the first quarter. Beacon Financial Group now owns 12,173 shares of the business services provider’s stock valued at $888,000 after acquiring an additional 2,822 shares in the last quarter. RNC Capital Management LLC grew its stake in Omnicom Group by 4.3% during the first quarter. RNC Capital Management LLC now owns 442,208 shares of the business services provider’s stock valued at $32,277,000 after acquiring an additional 18,373 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Omnicom Group by 10.7% during the first quarter. IFM Investors Pty Ltd now owns 14,522 shares of the business services provider’s stock valued at $1,060,000 after acquiring an additional 1,398 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new position in Omnicom Group during the first quarter valued at $472,000.

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Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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