LVM Capital Management Ltd. MI Purchases Shares of 6,795 Omnicom Group Inc. (NYSE:OMC)

LVM Capital Management Ltd. MI purchased a new position in shares of Omnicom Group Inc. (NYSE:OMCFree Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 6,795 shares of the business services provider’s stock, valued at approximately $585,000.

Other institutional investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. purchased a new stake in Omnicom Group in the fourth quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Omnicom Group in the 3rd quarter worth $33,000. Davis Capital Management bought a new stake in Omnicom Group in the third quarter worth $36,000. Finally, HM Payson & Co. lifted its stake in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Down 2.3 %

OMC traded down $1.93 on Friday, hitting $82.21. The company had a trading volume of 1,531,810 shares, compared to its average volume of 1,900,189. Omnicom Group Inc. has a 52-week low of $81.85 and a 52-week high of $107.00. The stock has a fifty day simple moving average of $95.58 and a 200-day simple moving average of $96.67. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The firm has a market capitalization of $16.04 billion, a P/E ratio of 11.23, a P/E/G ratio of 2.07 and a beta of 0.98.

Omnicom Group (NYSE:OMCGet Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. As a group, equities analysts expect that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.41%. Omnicom Group’s payout ratio is currently 38.25%.

Insider Activity at Omnicom Group

In other news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at $2,479,053.05. The trade was a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company lowered their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays lifted their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Read Our Latest Report on Omnicom Group

Omnicom Group Profile

(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.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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