Stock Traders Purchase High Volume of Put Options on Omnicom Group (NYSE:OMC)

Omnicom Group Inc. (NYSE:OMC) saw some unusual options trading activity on Wednesday. Stock traders acquired 4,646 put options on the company. This is an increase of approximately 3,617% compared to the typical volume of 125 put options.

OMC has been the subject of a number of recent analyst reports. Barclays reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a report on Sunday, July 21st. ValuEngine cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Citigroup cut their price objective on shares of Omnicom Group from $87.00 to $86.00 and set a “neutral” rating for the company in a report on Monday. Finally, BMO Capital Markets cut shares of Omnicom Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $88.00 to $86.00 in a research note on Sunday, July 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $80.83.

In other Omnicom Group news, SVP Andrew Castellaneta sold 2,000 shares of Omnicom Group stock in a transaction on Friday, July 19th. The shares were sold at an average price of $80.16, for a total value of $160,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in OMC. Dimensional Fund Advisors LP increased its stake in shares of Omnicom Group by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,233,581 shares of the business services provider’s stock worth $90,344,000 after purchasing an additional 103,138 shares in the last quarter. Geode Capital Management LLC grew its stake in Omnicom Group by 18.3% during the 4th quarter. Geode Capital Management LLC now owns 3,852,265 shares of the business services provider’s stock valued at $281,767,000 after acquiring an additional 597,017 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Omnicom Group by 17.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,999 shares of the business services provider’s stock valued at $803,000 after acquiring an additional 1,611 shares in the last quarter. Sigma Planning Corp grew its stake in Omnicom Group by 4.0% during the 1st quarter. Sigma Planning Corp now owns 5,619 shares of the business services provider’s stock valued at $410,000 after acquiring an additional 215 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in Omnicom Group by 1.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 38,337 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 458 shares in the last quarter.

Shares of OMC stock traded down $1.04 on Thursday, reaching $80.95. 12,497 shares of the company were exchanged, compared to its average volume of 1,876,131. The company has a market cap of $17.07 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 2.56 and a beta of 0.72. The business has a 50-day moving average price of $77.98 and a 200 day moving average price of $78.46. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.76 and a current ratio of 0.85. Omnicom Group has a 1 year low of $65.85 and a 1 year high of $85.05.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, July 17th. The business services provider reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Omnicom Group had a net margin of 8.89% and a return on equity of 43.86%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 earnings per share. As a group, equities analysts anticipate that Omnicom Group will post 6.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.65 per share. The ex-dividend date is Thursday, September 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.21%. Omnicom Group’s dividend payout ratio is currently 45.22%.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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