Ensign Peak Advisors Inc Has $7.51 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Ensign Peak Advisors Inc decreased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 4.6% in the 2nd quarter, Holdings Channel reports. The firm owned 83,709 shares of the business services provider’s stock after selling 4,020 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Omnicom Group were worth $7,509,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in shares of Omnicom Group during the fourth quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Omnicom Group in the 2nd quarter worth about $33,000. Innealta Capital LLC acquired a new position in shares of Omnicom Group in the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its stake in shares of Omnicom Group by 47.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 429 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 139 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Omnicom Group during the 1st quarter valued at about $50,000. Institutional investors own 91.97% of the company’s stock.

Insider Buying and Selling at Omnicom Group

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the transaction, the director now directly owns 10,356 shares in the company, valued at $941,153.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 15,375 shares of the company’s stock, valued at $1,524,738.75. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Omnicom Group Trading Down 0.6 %

OMC opened at $101.73 on Wednesday. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $104.80. The firm has a market capitalization of $19.92 billion, a PE ratio of 13.75, a P/E/G ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81. The company’s 50-day moving average is $96.82 and its 200 day moving average is $94.22.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.07. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. Omnicom Group’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.81 earnings per share. As a group, research analysts predict that Omnicom Group Inc. will post 7.95 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Bank of America boosted their price target on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. UBS Group increased their target price on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Macquarie reiterated an “outperform” rating and set a $110.00 price objective on shares of Omnicom Group in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $106.30.

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.