Omnicom Group Inc. (NYSE:OMC - Get Free Report) Director Linda Johnson Rice sold 453 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total value of $41,984.04. Following the sale, the director now directly owns 9,830 shares in the company, valued at $911,044.40. The transaction was disclosed in a filing with the SEC, which is available at this link.
Linda Johnson Rice also recently made the following trade(s):
- On Friday, February 9th, Linda Johnson Rice sold 507 shares of Omnicom Group stock. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62.
Omnicom Group Price Performance
Shares of NYSE:OMC opened at $94.72 on Wednesday. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 2.18 and a beta of 0.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a 12 month low of $72.20 and a 12 month high of $99.23. The stock's 50 day moving average price is $93.12 and its 200 day moving average price is $87.14.
Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to analysts' expectations of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $2.09 EPS. Equities research analysts anticipate that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.
Omnicom Group Announces Dividend
Bill Gates is all about this tiny $2 stock
From Timothy Sykes | Ad
What does Bill Gates know about this tiny company that we don’t?
From the outside, it looks like a worthless $2 stock…
>>Click here to discover why Bill Gates is all about this tiny $2 stock.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.96%. Omnicom Group's payout ratio is currently 37.84%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on OMC shares. BNP Paribas raised shares of Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 price objective for the company in a research report on Thursday, March 28th. Macquarie increased their price target on Omnicom Group from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 2nd. StockNews.com upgraded Omnicom Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 18th. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the company a "neutral" rating in a research note on Wednesday, April 17th. Finally, UBS Group began coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a "buy" rating and a $117.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $104.40.
View Our Latest Research Report on Omnicom Group
Institutional Investors Weigh In On Omnicom Group
Several hedge funds and other institutional investors have recently bought and sold shares of the business. OFI Invest Asset Management bought a new position in shares of Omnicom Group during the 3rd quarter valued at about $25,000. HHM Wealth Advisors LLC bought a new stake in Omnicom Group during the fourth quarter worth approximately $26,000. Frazier Financial Advisors LLC acquired a new position in Omnicom Group in the fourth quarter worth approximately $26,000. Pinnacle Bancorp Inc. increased its holdings in shares of Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider's stock valued at $28,000 after buying an additional 125 shares in the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Omnicom Group during the 4th quarter valued at $29,000. 91.97% of the stock is currently owned by institutional investors.
Omnicom Group Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
