Grandfield & Dodd LLC maintained its position in shares of Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,191 shares of the company’s stock at the end of the second quarter. Grandfield & Dodd LLC’s holdings in Omnicom Group were worth $260,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. Huntington National Bank increased its position in shares of Omnicom Group by 16.6% in the second quarter. Huntington National Bank now owns 32,861 shares of the company’s stock worth $2,678,000 after buying an additional 4,688 shares during the period. First National Trust Co. increased its position in shares of Omnicom Group by 13.0% in the second quarter. First National Trust Co. now owns 11,896 shares of the company’s stock worth $970,000 after buying an additional 1,368 shares during the period. Comgest Global Investors S.A.S. increased its position in shares of Omnicom Group by 17.1% in the second quarter. Comgest Global Investors S.A.S. now owns 159,200 shares of the company’s stock worth $12,973,000 after buying an additional 23,200 shares during the period. First Midwest Bank Trust Division purchased a new position in shares of Omnicom Group during the second quarter worth approximately $1,128,000. Finally, Calamos Wealth Management LLC increased its position in shares of Omnicom Group by 17.5% in the second quarter. Calamos Wealth Management LLC now owns 21,466 shares of the company’s stock worth $1,749,000 after buying an additional 3,190 shares during the period. 97.04% of the stock is currently owned by institutional investors.
Omnicom Group Inc. (NYSE:OMC) traded up 0.13% on Thursday, reaching $83.06. 1,512,096 shares of the company’s stock traded hands. The stock has a 50-day moving average of $84.79 and a 200 day moving average of $83.39. Omnicom Group Inc. has a 52 week low of $66.48 and a 52 week high of $87.50. The firm has a market capitalization of $19.65 billion, a P/E ratio of 18.17 and a beta of 1.35.
Omnicom Group (NYSE:OMC) last released its earnings results on Thursday, July 14th. The company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.91 billion. Omnicom Group had a return on equity of 38.56% and a net margin of 7.26%. Omnicom Group’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.26 earnings per share. On average, equities analysts expect that Omnicom Group Inc. will post $4.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 10th. Investors of record on Thursday, September 22nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Tuesday, September 20th. Omnicom Group’s payout ratio is currently 48.04%.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Thursday. Credit Suisse Group AG assumed coverage on shares of Omnicom Group in a research report on Thursday, September 15th. They set a “neutral” rating and a $83.00 price target for the company. Telsey Advisory Group lifted their price target on shares of Omnicom Group from $79.00 to $86.00 and gave the company a “market perform” rating in a research report on Wednesday, July 20th. BMO Capital Markets reiterated a “hold” rating and set a $80.00 price target on shares of Omnicom Group in a research report on Sunday, July 17th. Finally, Albert Fried & Company reiterated a “hold” rating and set a $85.00 price target on shares of Omnicom Group in a research report on Thursday, July 14th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $81.92.
In related news, Director Linda Johnson Rice sold 824 shares of Omnicom Group stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $84.55, for a total transaction of $69,669.20. Following the transaction, the director now directly owns 30,440 shares of the company’s stock, valued at $2,573,702. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMC).
Receive News & Ratings for Omnicom Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.