Pinkerton Retirement Specialists LLC Purchases 14,749 Shares of Omnicom Group Inc. (NYSE:OMC)

Pinkerton Retirement Specialists LLC increased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 54.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,736 shares of the business services provider's stock after buying an additional 14,749 shares during the period. Pinkerton Retirement Specialists LLC's holdings in Omnicom Group were worth $4,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norden Group LLC purchased a new position in Omnicom Group in the first quarter valued at about $1,860,000. Arvest Investments Inc. acquired a new position in shares of Omnicom Group during the fourth quarter worth $1,969,000. Raymond James & Associates lifted its holdings in shares of Omnicom Group by 3.3% during the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider's stock valued at $37,471,000 after purchasing an additional 13,709 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Omnicom Group by 1,627.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider's stock valued at $5,752,000 after buying an additional 62,640 shares during the last quarter. Finally, Kodai Capital Management LP acquired a new stake in Omnicom Group in the 4th quarter worth approximately $27,419,000. 91.97% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Linda Johnson Rice sold 453 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the transaction, the director now owns 9,830 shares of the company's stock, valued at approximately $911,044.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on OMC. Wells Fargo & Company upgraded shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. UBS Group lifted their price target on Omnicom Group from $117.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday. Barclays raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $100.00 to $110.00 in a report on Tuesday, May 7th. StockNews.com raised shares of Omnicom Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 18th. Finally, Macquarie restated an "outperform" rating and set a $110.00 price objective on shares of Omnicom Group in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Omnicom Group has an average rating of "Moderate Buy" and an average price target of $104.70.

View Our Latest Stock Analysis on OMC

Omnicom Group Price Performance

Shares of NYSE OMC traded down $1.09 during mid-day trading on Friday, reaching $91.00. The company's stock had a trading volume of 1,654,451 shares, compared to its average volume of 1,835,141. The stock has a market capitalization of $17.82 billion, a P/E ratio of 12.30, a P/E/G ratio of 2.17 and a beta of 0.95. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $98.06. The stock has a 50-day moving average of $91.78 and a two-hundred day moving average of $91.33.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.83 billion. During the same period in the previous year, the firm posted $1.81 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Omnicom Group Inc. will post 7.93 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group's dividend payout ratio is presently 37.84%.

Omnicom Group Profile

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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