Mutual of America Capital Management LLC reduced its holdings of Omnicom Group Inc. (NYSE: OMC – Get Rating) stock by 0.6% in the first quarter, the company said in its latest 13F filing with the Securities & Exchange Commission. . The company held 27,892 shares of the business services provider after selling 176 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Omnicom Group were worth $2,367,000 when it last filed with the SEC.
Other big investors have also been buying and selling shares of the company recently. FSB Premier Wealth Management Inc. bought a new stake in Omnicom Group shares in the 4th quarter at a value of $37,000. Independence Bank of Kentucky bought a new stake in Omnicom Group stock in Q1 worth $37,000. M&R Capital Management Inc. increased its equity stake in Omnicom Group by 400.0% in Q1. M&R Capital Management Inc. now owns 500 shares of the business services provider worth $42,000 after purchasing an additional 400 shares during the period. MBM Wealth Consultants LLC increased its stake in Omnicom Group shares by 52.2% in the 4th quarter. MBM Wealth Consultants LLC now owns 647 shares of the business services provider worth $47,000 after purchasing an additional 222 shares during the period. Finally, Desjardins International Asset Management Inc. acquired a new stake in shares of Omnicom Group in the 4th quarter for a value of $51,000. Hedge funds and other institutional investors own 93.08% of the company’s shares.
Omnicom Group trades up 0.9%
NYSE:OMC shares opened at $69.65 on Friday. The company’s 50-day moving average is $67.56 and its 200-day moving average is $75.68. Omnicom Group Inc. has a 1-year low of $61.31 and a 1-year high of $91.61. The company has a market capitalization of $14.27 billion, a P/E ratio of 11.40, a P/E/G ratio of 4.21 and a beta of 0.82. The company has a debt ratio of 1.65, a current ratio of 0.95 and a quick ratio of 0.85.
Omnicom Group (NYSE:OMC – Get Rating) last announced its results on Tuesday, July 19. The business services provider reported earnings per share (EPS) of $1.68 for the quarter, beating the consensus estimate of $1.56 by $0.12. Omnicom Group achieved a return on equity of 39.15% and a net margin of 9.07%. The company posted revenue of $3.57 billion for the quarter, versus analyst estimates of $3.47 billion. During the same period a year earlier, the company posted EPS of $1.46. The company’s quarterly revenue fell 0.1% from the same quarter last year. On average, research analysts predict that Omnicom Group Inc. will post earnings per share of 6.33 for the current fiscal year.
Omnicom Group announces dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 12. Shareholders of record on Wednesday, September 21 will receive a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 20. This represents an annualized dividend of $2.80 and a yield of 4.02%. Omnicom Group’s payout ratio is currently 45.83%.
A Wall Street analyst gives his opinion
The WTO has been the subject of several research reports. Barclays lowered its target price on Omnicom Group from $90.00 to $70.00 and set an “equal weight” rating for the company in a Thursday, July 21 report. BMO Capital Markets raised its price target on Omnicom Group from $82.00 to $89.00 in a Thursday, April 21 research report. Edward Jones downgraded Omnicom Group from a “buy” rating to a “hold” rating in a Tuesday, June 14 research report. Macquarie downgraded Omnicom Group from an “outperforming” rating to a “neutral” rating in a Thursday, June 23 research report. Finally, JPMorgan Chase & Co. cut its price target on Omnicom Group from $96.00 to $85.00 and set an “overweight” rating for the company in a Friday, July 8 research report. Two equity research analysts gave the stock a sell rating, five gave the company a hold rating and four gave the company a buy rating. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $83.90.
Omnicom Group Profile
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Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations and healthcare. The Company’s services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate affairs. corporate advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
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