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

Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 453 shares of the 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 completion of the sale, the director now owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 shares were sold at an average price of $86.66, for a total value of $43,936.62.

Omnicom Group Price Performance

Omnicom Group stock opened at $95.08 on Thursday. The company’s 50 day simple moving average is $93.12 and its 200-day simple moving average is $87.14. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23. The company has a market capitalization of $18.62 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last posted its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter last year, the firm earned $2.09 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.94%. Omnicom Group’s payout ratio is presently 37.84%.

Hedge Funds Weigh In On Omnicom Group

Several hedge funds have recently bought and sold shares of the company. Marino Stram & Associates LLC grew its position in Omnicom Group by 1.0% in the 1st quarter. Marino Stram & Associates LLC now owns 11,613 shares of the business services provider’s stock valued at $1,124,000 after acquiring an additional 110 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Omnicom Group by 0.5% in the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock valued at $1,932,000 after purchasing an additional 119 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of Omnicom Group by 2.9% in the first quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock valued at $413,000 after purchasing an additional 119 shares in the last quarter. Cambridge Trust Co. increased its stake in Omnicom Group by 4.2% during the 4th quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after buying an additional 121 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its holdings in Omnicom Group by 2.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Macquarie upped their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Moffett Nathanson lifted their target price on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a research note on Thursday, March 28th. Finally, Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

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.