Leisure Capital Management Has $986,000 Stake in Omnicom Group Inc. (NYSE:OMC)

Leisure Capital Management grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,538 shares of the business services provider’s stock after buying an additional 660 shares during the quarter. Leisure Capital Management’s holdings in Omnicom Group were worth $986,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. bought a new position in shares of Omnicom Group during the 4th quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Omnicom Group during the 2nd quarter worth approximately $33,000. Innealta Capital LLC bought a new position in shares of Omnicom Group during the 2nd quarter worth approximately $33,000. Davis Capital Management bought a new position in shares of Omnicom Group during the 3rd quarter worth approximately $36,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group during the 1st quarter worth approximately $50,000. Institutional investors own 91.97% of the company’s stock.

Insider Activity

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction 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 in the company, valued at $1,524,738.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the transaction, the director now directly owns 10,356 shares in the company, valued at approximately $941,153.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on OMC shares. Bank of America lifted their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a research report on Thursday, September 5th. 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 report on Thursday, July 18th. JPMorgan Chase & Co. lifted their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday. Macquarie reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a report on Wednesday, July 17th. Finally, Wells Fargo & Company cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $106.00 to $110.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.80.

Omnicom Group Stock Performance

Omnicom Group stock traded up $1.21 during mid-day trading on Wednesday, reaching $105.23. The company’s stock had a trading volume of 1,142,825 shares, compared to its average volume of 1,519,901. Omnicom Group Inc. has a 12-month low of $73.28 and a 12-month high of $105.93. The company has a market capitalization of $20.61 billion, a P/E ratio of 14.22, a PEG ratio of 2.39 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The firm’s fifty day moving average price is $99.55 and its two-hundred day moving average price is $95.07.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. During the same period in the previous year, the business earned $1.86 EPS. Sell-side analysts predict that Omnicom Group Inc. will post 7.88 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.66%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

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.