Compass Capital Management Inc. held its stake in shares of Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,761 shares of the business services provider’s stock at the end of the second quarter. Omnicom Group accounts for about 0.2% of Compass Capital Management Inc.’s holdings, making the stock its 27th largest position. Compass Capital Management Inc.’s holdings in Omnicom Group were worth $1,389,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Omnicom Group by 3,091.8% in the first quarter. BlackRock Inc. now owns 17,041,057 shares of the business services provider’s stock worth $1,469,108,000 after buying an additional 16,507,161 shares during the period. Vanguard Group Inc. boosted its position in shares of Omnicom Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 15,866,652 shares of the business services provider’s stock worth $1,367,864,000 after buying an additional 116,893 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Omnicom Group by 1.9% in the first quarter. First Eagle Investment Management LLC now owns 13,088,271 shares of the business services provider’s stock worth $1,128,340,000 after buying an additional 245,542 shares in the last quarter. State Street Corp boosted its position in shares of Omnicom Group by 1.2% in the first quarter. State Street Corp now owns 9,865,534 shares of the business services provider’s stock worth $850,497,000 after buying an additional 121,470 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Omnicom Group by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 5,933,025 shares of the business services provider’s stock worth $511,487,000 after buying an additional 488,684 shares in the last quarter. 98.02% of the stock is owned by institutional investors.
Omnicom Group Inc. (NYSE OMC) opened at 76.76 on Friday. Omnicom Group Inc. has a 1-year low of $76.74 and a 1-year high of $89.66. The firm has a market capitalization of $17.71 billion, a price-to-earnings ratio of 15.50 and a beta of 1.25. The stock has a 50 day moving average price of $80.03 and a 200 day moving average price of $83.10.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.02. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.74 billion. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share. Analysts predict that Omnicom Group Inc. will post $5.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s dividend payout ratio (DPR) is presently 44.44%.
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OMC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Friday, July 14th. Royal Bank Of Canada set a $96.00 price objective on Omnicom Group and gave the stock a “buy” rating in a research report on Saturday, May 20th. Wells Fargo & Company reiterated a “hold” rating and set a $84.00 price objective on shares of Omnicom Group in a research report on Tuesday, July 18th. Jefferies Group LLC reiterated a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a research report on Friday, July 14th. Finally, Macquarie cut Omnicom Group from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $83.00 in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. Omnicom Group currently has an average rating of “Hold” and an average target price of $86.00.
In other news, Chairman Bruce Crawford sold 22,800 shares of the business’s stock in a transaction that occurred on 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 owns 105,250 shares in the company, valued at $8,936,777.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Treasurer Dennis E. Hewitt sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total value of $71,199.00. Following the sale, the treasurer now owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,183 shares of company stock worth $2,046,845. Company 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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