Fulton Bank N.A. Purchases 334 Shares of Omnicom Group Inc. (NYSE:OMC)

Fulton Bank N.A. increased its position in Omnicom Group Inc. (NYSE:OMC) by 9.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,895 shares of the business services provider’s stock after acquiring an additional 334 shares during the quarter. Fulton Bank N.A.’s holdings in Omnicom Group were worth $377,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of OMC. Arvest Investments Inc. acquired a new position in shares of Omnicom Group during the fourth quarter worth approximately $1,969,000. Raymond James & Associates increased its position in Omnicom Group by 3.3% during the fourth quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock worth $37,471,000 after acquiring an additional 13,709 shares during the period. Sequoia Financial Advisors LLC raised its stake in Omnicom Group by 1,627.9% during 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 during the last quarter. Kodai Capital Management LP bought a new stake in Omnicom Group in the 4th quarter valued at $27,419,000. Finally, Occidental Asset Management LLC grew its position in Omnicom Group by 329.0% in the 4th quarter. Occidental Asset Management LLC now owns 13,802 shares of the business services provider’s stock worth $1,194,000 after purchasing an additional 10,585 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Insider Transactions at Omnicom Group

In related news, Director Linda Johnson Rice sold 453 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the transaction, the director now owns 9,830 shares in the company, valued at approximately $911,044.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $90.47 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The business’s fifty day moving average price is $93.06 and its two-hundred day moving average price is $90.54. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.52 by $0.15. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.58 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. As a group, analysts predict that Omnicom Group Inc. will post 7.84 EPS 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. Shareholders of record on Monday, June 10th will be given a $0.70 dividend. The ex-dividend date is Monday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.09%. Omnicom Group’s payout ratio is 37.84%.

Analysts Set New Price Targets

OMC has been the subject of a number of research analyst reports. Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. Macquarie raised their price objective on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. Moffett Nathanson raised their target price on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.40.

About Omnicom Group

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.