Rochelle M. Tarlowe Sells 3,000 Shares of Omnicom Group Inc. (NYSE:OMC) Stock

Omnicom Group Inc. (NYSE:OMC) VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the transaction, the vice president now owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Omnicom Group Trading Down 0.4 %

Shares of Omnicom Group stock traded down $0.36 during trading on Wednesday, reaching $98.75. 875,405 shares of the stock were exchanged, compared to its average volume of 1,578,510. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The firm has a market cap of $19.34 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.89. The stock’s fifty day moving average is $92.73 and its 200 day moving average is $92.46.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data 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 return on equity of 37.51% and a net margin of 9.55%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the company earned $1.81 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Omnicom Group Inc. will post 7.92 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders 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 2.84%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

Hedge Funds Weigh In On Omnicom Group

A number of institutional investors have recently bought and sold shares of OMC. Frazier Financial Advisors LLC bought a new position in shares of Omnicom Group in the 4th quarter worth about $26,000. Richardson Financial Services Inc. bought a new position in shares of Omnicom Group during the fourth quarter valued at approximately $29,000. Innealta Capital LLC purchased a new position in shares of Omnicom Group during the second quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Omnicom Group in the 2nd quarter worth approximately $33,000. Finally, First United Bank & Trust purchased a new stake in shares of Omnicom Group in the 4th quarter worth approximately $35,000. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Macquarie reiterated an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a report on Wednesday, July 17th. UBS Group lifted 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, Barclays upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $100.00 to $110.00 in a report on Tuesday, May 7th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.70.

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.