Omnicom Group Inc. (NYSE:OMC) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its position in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 19.4% in the first quarter, Holdings Channel.com reports. The firm owned 10,582 shares of the business services provider’s stock after selling 2,539 shares during the period. Park Avenue Securities LLC’s holdings in Omnicom Group were worth $877,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC grew its holdings in Omnicom Group by 8.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 12,299 shares of the business services provider’s stock valued at $1,020,000 after purchasing an additional 954 shares in the last quarter. Procyon Advisors LLC acquired a new stake in Omnicom Group during the 1st quarter valued at $1,776,000. Curat Global LLC acquired a new stake in Omnicom Group during the 1st quarter valued at $512,000. HF Advisory Group LLC grew its holdings in Omnicom Group by 25.1% during the 1st quarter. HF Advisory Group LLC now owns 4,847 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 973 shares in the last quarter. Finally, Financial Advisory Partners LLC grew its holdings in Omnicom Group by 62.0% during the 1st quarter. Financial Advisory Partners LLC now owns 26,968 shares of the business services provider’s stock valued at $2,236,000 after purchasing an additional 10,324 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Down 3.0%

Omnicom Group stock opened at $71.13 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The company has a 50-day simple moving average of $74.32 and a 200-day simple moving average of $81.97. The firm has a market capitalization of $13.88 billion, a P/E ratio of 9.55, a P/E/G ratio of 1.94 and a beta of 0.93. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00.

Omnicom Group (NYSE:OMCGet Free Report) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.73 billion. As a group, equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.94%. Omnicom Group’s payout ratio is 38.30%.

Analysts Set New Price Targets

OMC has been the subject of a number of recent analyst reports. UBS Group lowered their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Barclays decreased their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus price target of $101.29.

Check Out Our Latest Stock Report on OMC

About Omnicom Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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