B.O.S.S. Retirement Advisors LLC Trims Holdings in Omnicom Group Inc. (NYSE:OMC)

B.O.S.S. Retirement Advisors LLC lowered its position in Omnicom Group Inc. (NYSE:OMC) by 10.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,835 shares of the business services provider’s stock after selling 2,670 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Omnicom Group were worth $2,078,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Omnicom Group by 1.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 402,091 shares of the business services provider’s stock worth $37,933,000 after purchasing an additional 5,071 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Omnicom Group by 10.3% in the 1st quarter. Global Retirement Partners LLC now owns 12,011 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 1,119 shares during the last quarter. Aviva PLC increased its holdings in Omnicom Group by 68.4% in the 4th quarter. Aviva PLC now owns 195,708 shares of the business services provider’s stock valued at $19,696,000 after acquiring an additional 79,526 shares during the last quarter. Moore Capital Management LP increased its holdings in Omnicom Group by 388.6% in the 1st quarter. Moore Capital Management LP now owns 33,858 shares of the business services provider’s stock valued at $3,194,000 after acquiring an additional 26,929 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in Omnicom Group by 68.7% in the 1st quarter. Brookstone Capital Management now owns 12,670 shares of the business services provider’s stock valued at $1,213,000 after acquiring an additional 5,161 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Omnicom Group Trading Down 1.3 %

NYSE:OMC traded down $0.98 during mid-day trading on Friday, hitting $77.41. 3,101,626 shares of the stock traded hands, compared to its average volume of 1,777,480. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 1.53. Omnicom Group Inc. has a 52 week low of $61.85 and a 52 week high of $99.23. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.17 and a beta of 0.85. The firm’s 50 day moving average is $83.35 and its two-hundred day moving average is $88.98.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 18th. The business services provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. Omnicom Group had a return on equity of 41.29% and a net margin of 9.66%. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts predict that Omnicom Group Inc. will post 7.36 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.62%. Omnicom Group’s dividend payout ratio (DPR) is 41.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on OMC shares. Bank of America raised their price target on Omnicom Group from $79.00 to $84.00 and gave the company an “underperform” rating in a report on Wednesday, July 19th. StockNews.com started coverage on Omnicom Group in a report on Thursday, August 17th. They set a “hold” rating for the company. Wells Fargo & Company lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $109.00 to $88.00 in a research report on Monday, July 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $100.00 price objective on shares of Omnicom Group in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group has an average rating of “Hold” and a consensus target price of $96.57.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 467 shares of Omnicom Group stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $80.24, for a total transaction of $37,472.08. Following the completion of the sale, the director now owns 9,591 shares in the company, valued at approximately $769,581.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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 brand consulting, experiential, execution and support, public relations, and healthcare.