Sanders Capital LLC increased its position in Omnicom Group Inc. (NYSE:OMC) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 2,593,642 shares of the company’s stock after buying an additional 4,738 shares during the period. Omnicom Group accounts for approximately 1.7% of Sanders Capital LLC’s investment portfolio, making the stock its 23rd largest position. Sanders Capital LLC’s holdings in Omnicom Group were worth $211,356,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in OMC. Meeder Asset Management Inc. bought a new position in shares of Omnicom Group during the first quarter worth $110,000. Trust Department MB Financial Bank N A raised its position in shares of Omnicom Group by 6.0% in the second quarter. Trust Department MB Financial Bank N A now owns 1,768 shares of the company’s stock worth $123,000 after buying an additional 100 shares during the last quarter. City Holding Co. raised its position in shares of Omnicom Group by 90.4% in the second quarter. City Holding Co. now owns 1,942 shares of the company’s stock worth $158,000 after buying an additional 922 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of Omnicom Group during the first quarter worth $166,000. Finally, RMB Capital Management LLC bought a new position in shares of Omnicom Group during the first quarter worth $200,000. 97.04% of the stock is owned by hedge funds and other institutional investors.
Shares of Omnicom Group Inc. (NYSE:OMC) traded down 0.99% on Friday, hitting $82.24. 1,837,889 shares of the company’s stock were exchanged. Omnicom Group Inc. has a 12 month low of $66.48 and a 12 month high of $87.50. The firm has a market cap of $19.45 billion, a P/E ratio of 17.99 and a beta of 1.35. The stock’s 50 day moving average is $84.75 and its 200 day moving average is $83.39.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Thursday, July 14th. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The firm earned $3.88 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Omnicom Group had a net margin of 7.26% and a return on equity of 38.56%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. On average, equities analysts predict that Omnicom Group Inc. will post $4.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 10th. Stockholders 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 dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, September 20th. Omnicom Group’s dividend payout ratio is currently 48.04%.
A number of brokerages recently weighed in on OMC. Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th. Telsey Advisory Group boosted their price target on shares of Omnicom Group from $79.00 to $86.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 20th. Credit Suisse Group AG initiated 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 on the stock. BMO Capital Markets reissued 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 reissued a “hold” rating and set a $85.00 price target on shares of Omnicom Group in a research report on Thursday, July 14th. Twelve investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Omnicom Group has an average rating of “Hold” and an average target price of $82.31.
In other news, Director Linda Johnson Rice sold 824 shares of Omnicom Group stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $84.55, for a total transaction of $69,669.20. Following the completion of the transaction, the director now directly owns 30,440 shares in the company, valued at $2,573,702. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.
Omnicom Group Company Profile
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.