Omnicom Group Inc. (NYSE:OMC) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,860 shares of the business services provider’s stock after selling 121 shares during the period. Cambridge Trust Co.’s holdings in Omnicom Group were worth $277,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Beutel Goodman & Co Ltd. lifted its holdings in Omnicom Group by 1.0% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 4,197,767 shares of the business services provider’s stock valued at $363,148,000 after acquiring an additional 42,075 shares during the period. Boston Partners grew its position in Omnicom Group by 11.0% during the first quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock worth $374,795,000 after buying an additional 383,560 shares during the period. Lazard Asset Management LLC grew its position in Omnicom Group by 6.3% during the first quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider’s stock worth $269,734,000 after buying an additional 165,136 shares during the period. First Trust Advisors LP increased its holdings in Omnicom Group by 7.7% in the fourth quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock valued at $224,832,000 after buying an additional 186,562 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Omnicom Group by 1.9% during the 4th quarter. Baird Financial Group Inc. now owns 2,370,253 shares of the business services provider’s stock worth $205,051,000 after acquiring an additional 43,861 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. UBS Group raised their price objective 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. Macquarie reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company raised 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 report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.70.

Omnicom Group Trading Down 3.0 %

NYSE:OMC traded down $2.85 during mid-day trading on Friday, reaching $92.00. The company’s stock had a trading volume of 1,867,755 shares, compared to its average volume of 1,915,319. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a market cap of $18.00 billion, a P/E ratio of 12.43, a P/E/G ratio of 2.24 and a beta of 0.95. The company’s fifty day simple moving average is $91.43 and its two-hundred day simple moving average is $91.77. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $98.71.

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

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Insiders Place Their Bets

In related news, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the transaction, the director now owns 10,356 shares in the company, valued at $941,153.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

Omnicom Group 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.