Drucker Wealth 3.0 LLC Sells 7,041 Shares of Omnicom Group Inc. $OMC

Drucker Wealth 3.0 LLC reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 20.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,237 shares of the business services provider’s stock after selling 7,041 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Omnicom Group were worth $1,975,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT bought a new stake in Omnicom Group during the first quarter worth $34,000. Gen Wealth Partners Inc bought a new stake in Omnicom Group during the first quarter worth $36,000. Ameritas Advisory Services LLC bought a new stake in shares of Omnicom Group in the second quarter valued at $34,000. Golden State Wealth Management LLC raised its stake in shares of Omnicom Group by 230.2% in the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock valued at $41,000 after buying an additional 343 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Omnicom Group in the first quarter valued at $43,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Down 1.4%

Shares of NYSE OMC opened at $76.50 on Friday. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00. The business has a 50-day simple moving average of $76.88 and a two-hundred day simple moving average of $75.02. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The company has a market cap of $14.82 billion, a P/E ratio of 10.98, a P/E/G ratio of 1.52 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the company earned $1.95 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 2nd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, September 2nd. Omnicom Group’s payout ratio is presently 40.17%.

Analysts Set New Price Targets

Several brokerages have issued reports on OMC. Bank of America upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a research note on Monday, June 23rd. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Finally, Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.29.

Omnicom Group Company 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 branding, experiential, execution and support, public relations, and healthcare.