Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice Sells 453 Shares of Stock

Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 453 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the sale, the director now directly owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Friday, February 9th, Linda Johnson Rice sold 507 shares of Omnicom Group stock. The stock was sold at an average price of $86.66, for a total value of $43,936.62.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $94.72 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a market capitalization of $18.55 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. The business has a 50-day moving average of $93.12 and a 200 day moving average of $87.14. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23.

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

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.96%. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Wall Street Analysts Forecast Growth

OMC has been the subject of a number of recent research reports. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Macquarie raised their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research report on Thursday, March 28th. Finally, UBS Group initiated coverage on Omnicom Group in a report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $104.40.

Hedge Funds Weigh In On Omnicom Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC raised its holdings in Omnicom Group by 98.3% in the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock valued at $225,842,000 after acquiring an additional 1,503,249 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Omnicom Group in the 4th quarter valued at approximately $93,634,000. Boston Partners raised its holdings in shares of 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. Morningstar Investment Services LLC lifted its position in shares of Omnicom Group by 98.7% during the 4th quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock worth $104,037,000 after purchasing an additional 595,746 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Omnicom Group by 88.9% during the fourth quarter. Point72 Asset Management L.P. now owns 1,161,477 shares of the business services provider’s stock worth $100,479,000 after purchasing an additional 546,577 shares in the last quarter. Hedge funds and other institutional investors own 91.97% 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.