Omnicom Group Inc. (NYSE:OMC) Director Linda Johnson Rice sold 483 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $82.19, for a total value of $39,697.77. Following the sale, the director now owns 7,724 shares in the company, valued at approximately $634,835.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Omnicom Group Inc. (NYSE:OMC) traded down 0.84% during trading on Wednesday, hitting $78.83. The stock had a trading volume of 2,174,921 shares. The company has a market cap of $18.19 billion, a PE ratio of 15.92 and a beta of 1.27. Omnicom Group Inc. has a 52 week low of $78.67 and a 52 week high of $89.66. The stock has a 50-day moving average price of $82.31 and a 200-day moving average price of $84.08.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.02. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. Equities analysts predict that Omnicom Group Inc. will post $5.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Thursday, September 21st. Omnicom Group’s dividend payout ratio is 44.44%.

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Several analysts have issued reports on OMC shares. Royal Bank Of Canada restated a “buy” rating and set a $101.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 11th. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a research note on Friday, July 14th. Barclays PLC restated a “hold” rating and set a $86.00 price objective on shares of Omnicom Group in a research note on Thursday, April 20th. Finally, Wells Fargo & Company restated a “hold” rating and set a $84.00 price objective on shares of Omnicom Group in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $85.83.

A number of hedge funds and other institutional investors have recently made changes to their positions in OMC. Cribstone Capital Management LLC acquired a new position in shares of Omnicom Group during the first quarter worth approximately $164,000. Invictus RG boosted its position in shares of Omnicom Group by 1,098.2% in the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock worth $170,000 after buying an additional 1,812 shares in the last quarter. FNY Partners Fund LP boosted its position in shares of Omnicom Group by 46.7% in the first quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock worth $189,000 after buying an additional 700 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Omnicom Group by 29.4% in the first quarter. Global X Management Co. 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. Finally, Huntington Steele LLC acquired a new position in shares of Omnicom Group during the first quarter worth approximately $202,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.

About Omnicom Group

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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