MJP Associates Inc. ADV Sells 977 Shares of Omnicom Group Inc. (NYSE:OMC)

MJP Associates Inc. ADV lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 11.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,498 shares of the business services provider’s stock after selling 977 shares during the quarter. MJP Associates Inc. ADV’s holdings in Omnicom Group were worth $713,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of OMC. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Omnicom Group by 1.3% during 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 acquiring an additional 5,071 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of 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 purchasing an additional 1,119 shares in the last quarter. Aviva PLC increased its stake in shares of 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 purchasing an additional 79,526 shares during the last quarter. Moore Capital Management LP raised its holdings in shares of Omnicom Group by 388.6% during the 1st quarter. Moore Capital Management LP now owns 33,858 shares of the business services provider’s stock worth $3,194,000 after buying an additional 26,929 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in shares of Omnicom Group by 68.7% during the 1st quarter. Brookstone Capital Management now owns 12,670 shares of the business services provider’s stock worth $1,213,000 after buying an additional 5,161 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

Omnicom Group Stock Down 0.1 %

Omnicom Group stock traded down $0.06 during midday trading on Monday, reaching $77.35. The stock had a trading volume of 357,800 shares, compared to its average volume of 1,769,321. The company has a fifty day moving average price of $83.04 and a two-hundred day moving average price of $88.86. The company has a market capitalization of $15.28 billion, a P/E ratio of 11.29, a PEG ratio of 2.19 and a beta of 0.85. The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 1.53. Omnicom Group Inc. has a 12 month low of $61.85 and a 12 month high of $99.23.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, July 18th. The business services provider reported $1.81 earnings per share for the quarter, topping 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 company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period in the prior year, the firm earned $1.68 earnings per share. Omnicom Group’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts expect that Omnicom Group Inc. will post 7.36 EPS for the current fiscal 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. This represents a $2.80 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Wednesday, September 20th. Omnicom Group’s payout ratio is presently 41.24%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Omnicom Group news, Director Linda Johnson Rice sold 467 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was 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 directly owns 9,591 shares of the company’s stock, valued at approximately $769,581.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

Omnicom Group Profile

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.