Chatham Capital Group Inc. Has $2.46 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Chatham Capital Group Inc. lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,420 shares of the business services provider’s stock after selling 600 shares during the quarter. Chatham Capital Group Inc.’s holdings in Omnicom Group were worth $2,460,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Arvest Investments Inc. acquired a new stake in shares of Omnicom Group in the 4th quarter valued at $1,969,000. Raymond James & Associates boosted its holdings in shares of Omnicom Group by 3.3% in the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock valued at $37,471,000 after purchasing an additional 13,709 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Omnicom Group by 1,627.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock valued at $5,752,000 after purchasing an additional 62,640 shares in the last quarter. Kodai Capital Management LP acquired a new stake in shares of Omnicom Group during the 4th quarter valued at $27,419,000. Finally, Occidental Asset Management LLC boosted its holdings in shares of Omnicom Group by 329.0% during the 4th quarter. Occidental Asset Management LLC now owns 13,802 shares of the business services provider’s stock valued at $1,194,000 after acquiring an additional 10,585 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.8 %

Shares of OMC stock traded up $0.71 during mid-day trading on Friday, hitting $89.70. The company’s stock had a trading volume of 2,234,600 shares, compared to its average volume of 1,516,729. The company’s fifty day simple moving average is $92.86 and its 200-day simple moving average is $90.89. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. The company has a market cap of $17.57 billion, a PE ratio of 12.12, a P/E/G ratio of 2.09 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.15. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.58 billion. As a group, equities research analysts expect that Omnicom Group Inc. will post 7.84 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Monday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. Moffett Nathanson raised their price objective on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Macquarie raised their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $100.00 to $110.00 in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average target price of $104.40.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 453 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total value of $41,984.04. Following the completion of the sale, the director now directly owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

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.