Jensen Investment Management Inc. Decreases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Jensen Investment Management Inc. decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,541 shares of the business services provider’s stock after selling 3,200 shares during the quarter. Jensen Investment Management Inc.’s holdings in Omnicom Group were worth $7,135,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Boston Trust Walden Corp raised its stake in Omnicom Group by 8.2% during the second quarter. Boston Trust Walden Corp now owns 186,431 shares of the business services provider’s stock valued at $16,723,000 after purchasing an additional 14,153 shares in the last quarter. Norden Group LLC purchased a new stake in Omnicom Group during the first quarter valued at $1,860,000. Kodai Capital Management LP purchased a new stake in Omnicom Group during the fourth quarter valued at $27,419,000. Morningstar Investment Services LLC raised its stake in Omnicom Group by 98.7% during the fourth quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock valued at $104,037,000 after purchasing an additional 595,746 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new stake in shares of Omnicom Group in the first quarter valued at $1,534,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.9 %

Shares of NYSE:OMC traded up $0.85 during trading on Friday, reaching $100.76. The stock had a trading volume of 30,374 shares, compared to its average volume of 1,561,481. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $102.13. The company has a market capitalization of $19.73 billion, a P/E ratio of 13.50, a PEG ratio of 2.36 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The firm’s 50-day simple moving average is $94.22 and its 200 day simple moving average is $93.11.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.88 by $0.07. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. Omnicom Group’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.81 EPS. As a group, research analysts expect that Omnicom Group Inc. will post 7.95 EPS for the current fiscal 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 given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Macquarie reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, Bank of America raised their price target on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $106.30.

Insiders Place Their Bets

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were 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 directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were 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 directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the transaction, the director now directly owns 10,356 shares of the company’s stock, valued at $941,153.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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.