Resources Management Corp CT ADV Sells 216 Shares of Omnicom Group Inc. (NYSE:OMC)

Resources Management Corp CT ADV cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,110 shares of the business services provider’s stock after selling 216 shares during the period. Resources Management Corp CT ADV’s holdings in Omnicom Group were worth $5,698,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in Omnicom Group during the 3rd quarter worth approximately $33,000. Davis Capital Management bought a new stake in Omnicom Group during the 3rd quarter worth approximately $36,000. Innealta Capital LLC acquired a new position in Omnicom Group during the 2nd quarter worth $33,000. HM Payson & Co. lifted its holdings in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Omnicom Group during the 3rd quarter worth $55,000. 91.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OMC. UBS Group upped their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays upped their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Wells Fargo & Company downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $106.00 to $110.00 in a report on Wednesday, October 16th. Macquarie upped their price objective on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Bank of America raised their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.11.

Omnicom Group Price Performance

OMC stock opened at $92.82 on Tuesday. The stock has a 50-day moving average price of $102.43 and a two-hundred day moving average price of $97.34. The stock has a market cap of $18.11 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.32 and a beta of 0.94. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 1 year low of $82.26 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter in the prior year, the company earned $1.86 EPS. Equities analysts forecast that Omnicom Group Inc. will post 7.94 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is presently 38.25%.

Insiders Place Their Bets

In other news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at $2,479,053.05. This trade represents a 14.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

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.