Omnicom Group Inc. (NYSE:OMC) Shares Bought by Wahed Invest LLC

Wahed Invest LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 13.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,833 shares of the business services provider’s stock after purchasing an additional 466 shares during the quarter. Wahed Invest LLC’s holdings in Omnicom Group were worth $371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Marino Stram & Associates LLC grew its stake in shares of Omnicom Group by 1.0% during the 1st quarter. Marino Stram & Associates LLC now owns 11,613 shares of the business services provider’s stock worth $1,124,000 after purchasing an additional 110 shares during the period. Greenleaf Trust grew its stake in shares of Omnicom Group by 0.5% during the 4th quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after purchasing an additional 119 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of Omnicom Group by 2.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 4,271 shares of the business services provider’s stock worth $413,000 after purchasing an additional 119 shares during the period. Cambridge Trust Co. grew its stake in shares of Omnicom Group by 4.2% during the 4th quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after purchasing an additional 121 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Omnicom Group by 2.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,142 shares of the business services provider’s stock worth $594,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OMC shares. Moffett Nathanson raised their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $91.00 to $106.00 in a research note on Wednesday, April 17th. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. UBS Group raised their price target on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $104.70.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the sale, the director now directly owns 10,356 shares in the company, valued at $941,153.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Omnicom Group Stock Down 3.0 %

Shares of OMC stock traded down $2.85 during mid-day trading on Friday, reaching $92.00. 1,861,062 shares of the company were exchanged, compared to its average volume of 1,631,181. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $98.71. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The company has a market capitalization of $18.00 billion, a P/E ratio of 12.41, a P/E/G ratio of 2.31 and a beta of 0.95. The business’s 50 day simple moving average is $91.49 and its 200 day simple moving average is $91.74.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.81 earnings per share. Research analysts predict that Omnicom Group Inc. will post 7.92 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio is currently 37.84%.

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.