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LS Investment Advisors LLC Raises Stake in Omnicom Group Inc. (OMC)

21 Juillet 2017

14-day Williams %R for Omnicom Group Inc. (NYSE:OMC). First Mercantile Trust stated it has 2,077 shares or 0.03% of all its holdings. Jefferies Group also issued estimates for Omnicom Group's Q3 2017 earnings at $1.11 EPS, Q1 2018 earnings at $1.02 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.19 EPS and FY2018 earnings at $5.40 EPS.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 18th. (NYSE:OMC) to release earnings on July, 20 before the open.

Analyst research firms are expressing bullish stance on Omnicom Group Inc. WINTON GROUP Ltd now owns 710,764 shares of the business services provider's stock worth $60,415,000 after buying an additional 628,969 shares in the last quarter.

10/17/2016 - Omnicom Group Inc. had its " rating reiterated by analysts at Pivotal Research. Wedbush decreased their target price on Omnicom Group from $90.00 to $89.00 and set a "neutral" rating for the company in a research note on Wednesday, April 19th. The business services provider reported $0.97 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.96 by $0.01. Omnicom Group had a net margin of 7.54% and a return on equity of 42.34%. The business's quarterly revenue was down 2.4% compared to the same quarter past year. During the same quarter previous year, the firm posted $1.36 earnings per share.

OMC has been the subject of a number of recent analyst reports. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Omnicom Group from a "hold" rating to a "buy" rating and set a $91.00 price target for the company in a report on Friday, July 14th. Barclays PLC reissued a "hold" rating and issued a $86.00 price target on shares of Omnicom Group in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Omnicom Group Inc. (NYSE:OMC) is -3.92% below its 200-day moving average, providing a measure of resistance for long positions. 274,194 shares of the stock traded hands. The stock's average target of $33.50 is -7.41% below today's ($36.18) share price. The company has a market cap of $18.87 billion, a PE ratio of 16.53 and a beta of 1.27.

The company announced a dividend which will be paid on Tuesday the 10th of October 2017. The dividend payment will be $0.550 per share for the quarter which comes to $2.20 on an annualized basis. (NYSE:STI) earned "Hold" rating by Zacks on Thursday, September 3.

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On 7/13/2017 announced a quarterly dividend of $0.55 2.71% with an ex dividend date of 9/21/2017 which will be payable on 9/22/2017. Omnicom Group's dividend payout ratio (DPR) is presently 44.81%. Also, Director Leonard S. Coleman, Jr. sold 2,038 shares of the company's stock in a transaction dated Thursday, April 20th. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

In related news, Chairman Bruce Crawford sold 22,800 shares of the firm's stock in a transaction dated Thursday, June 1st. Following the transaction, the chairman now directly owns 105,250 shares in the company, valued at approximately $8,936,777.50. The disclosure for this sale can be found here.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Omnicom Group Inc. (OMC) is a part of Services sector and belongs to Advertising Agencies industry. FNY Partners Fund LP raised its position in shares of Omnicom Group by 46.7% in the first quarter. FDO Partners LLC now owns 26,030 shares of the business services provider's stock worth $2,244,000 after buying an additional 19,376 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Omnicom Group during the fourth quarter worth about $306,000. LLC now owns 2,245 shares of the business services provider's stock worth $194,000 after buying an additional 510 shares in the last quarter. BlackRock Inc. raised its position in Omnicom Group by 3,091.8% in the first quarter. State Street Corp now owns 9,865,534 shares of the business services provider's stock valued at $850,497,000 after buying an additional 121,470 shares in the last quarter. Finally, Huntington Steele LLC purchased a new stake in Omnicom Group during the first quarter worth about $202,000. (NYSE:OMC) has been on a free fall - declining -2.89 percent in just three months. The Comgest Global Investors Sas holds 133,500 shares with $11.36M value, down from 164,800 last quarter.

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How Active Are Omnicom Group Inc. On April 14 the company was downgraded from "Outperform" to "Market Perform" in a statement from Wells Fargo.