Morningstar Investment Services LLC Buys 905 Shares of Omnicom Group Inc. (NYSE:OMC)

Morningstar Investment Services LLC lifted its stake in Omnicom Group Inc. (NYSE:OMC – Get Rating) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 608,048 shares of the business services provider’s stock after acquiring an additional 905 shares during the period. Morningstar Investment Services LLC’s holdings in Omnicom Group were worth $51,066,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Romano Brothers AND Company bought a new position in shares of Omnicom Group in the 4th quarter valued at approximately $31,000. AdvisorNet Financial Inc increased its position in shares of Omnicom Group by 70.1% during the fourth quarter. AdvisorNet Financial Inc now owns 551 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 227 shares during the period. Spire Wealth Management increased its position in shares of Omnicom Group by 81.3% during the fourth quarter. Spire Wealth Management now owns 805 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 361 shares during the period. MinichMacGregor Wealth Management LLC acquired a new stake in Omnicom Group in the 4th quarter valued at $83,000. Finally, Ronald Blue Trust Inc. boosted its stake in Omnicom Group by 54.2% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,195 shares of the business services provider’s stock valued at $75,000 after buying an additional 420 shares in the last quarter. 90.20% of the stock is owned by institutional investors.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 1,700 shares of the stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $89.75, for a total transaction of $152,575.00. Following the transaction, the director now owns 9,527 shares in the company, valued at $855,048.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO John Wren sold 100,000 shares of Omnicom Group stock in a transaction on Monday, April 24th. The stock was sold at an average price of $93.84, for a total value of $9,384,000.00. Following the transaction, the chief executive officer now owns 328,448 shares in the company, valued at approximately $30,821,560.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linda Johnson Rice sold 1,700 shares of Omnicom Group stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $89.75, for a total value of $152,575.00. Following the completion of the transaction, the director now owns 9,527 shares in the company, valued at approximately $855,048.25. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Omnicom Group Trading Up 1.3 %

NYSE OMC traded up $1.12 on Friday, reaching $90.24. The company had a trading volume of 419,125 shares, compared to its average volume of 1,815,374. The stock’s 50 day moving average is $91.73 and its 200-day moving average is $86.61. Omnicom Group Inc. has a 52 week low of $61.31 and a 52 week high of $96.78. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.54. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 2.57 and a beta of 0.83.

Omnicom Group (NYSE:OMC – Get Rating) last released its quarterly earnings data on Tuesday, April 18th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Omnicom Group had a return on equity of 41.72% and a net margin of 9.57%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. Equities analysts predict that Omnicom Group Inc. will post 7.41 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.10%. Omnicom Group’s dividend payout ratio (DPR) is currently 42.11%.

Analyst Upgrades and Downgrades

OMC has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Omnicom Group from $84.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. BNP Paribas raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $96.00 price objective on the stock in a research note on Wednesday, March 29th. JPMorgan Chase & Co. upped their price target on Omnicom Group from $100.00 to $103.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Macquarie upped their price target on Omnicom Group from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, April 19th. Finally, Morgan Stanley upped their price target on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $99.86.

About Omnicom Group

(Get Rating)

Omnicom Group, Inc is a holding company, which engages in the provision of advertising, marketing and corporate communications services. Its agency networks operate in the advertising, marketing, and corporate communications services industry, which are organized into regions, which are the Americas, EMEA and Asia-Pacific.