Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Cambridge Trust Co.

Cambridge Trust Co. boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,981 shares of the business services provider’s stock after acquiring an additional 121 shares during the quarter. Cambridge Trust Co.’s holdings in Omnicom Group were worth $258,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in Omnicom Group by 683.2% in the 1st quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock valued at $251,016,000 after purchasing an additional 2,579,717 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Omnicom Group by 98.3% in the 3rd quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock valued at $225,842,000 after purchasing an additional 1,503,249 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Omnicom Group by 81.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,527,561 shares of the business services provider’s stock valued at $144,111,000 after purchasing an additional 683,810 shares in the last quarter. Boston Partners lifted its holdings in Omnicom Group by 21.7% in the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock valued at $277,726,000 after purchasing an additional 664,800 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Omnicom Group in the 1st quarter valued at $59,124,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Up 1.2 %

NYSE OMC opened at $92.62 on Friday. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The business’s fifty day simple moving average is $91.51 and its 200-day simple moving average is $85.32. The firm has a market cap of $18.14 billion, a PE ratio of 12.52, a P/E/G ratio of 2.15 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $2.09 EPS. As a group, equities analysts anticipate that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, March 8th. Omnicom Group’s payout ratio is 37.84%.

Analyst Ratings Changes

OMC has been the topic of a number of research reports. Macquarie raised their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Thursday, March 28th. Finally, Barclays lifted their price target on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.40.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.