Omnicom Group Inc. (NYSE:OMC) Stake Increased by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lifted its holdings in Omnicom Group Inc. (NYSE:OMCFree Report) by 945.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,464 shares of the business services provider’s stock after buying an additional 80,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Omnicom Group were worth $7,653,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC acquired a new position in shares of Omnicom Group in the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. grew its position in Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. First United Bank & Trust purchased a new position in Omnicom Group during the fourth quarter valued at approximately $35,000. Authentikos Wealth Advisory LLC purchased a new position in Omnicom Group during the third quarter valued at approximately $38,000. Finally, Massmutual Trust Co. FSB ADV grew its position in Omnicom Group by 116.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Moffett Nathanson boosted their price objective on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Macquarie boosted their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

Read Our Latest Report on OMC

Omnicom Group Stock Performance

Shares of Omnicom Group stock traded up $0.14 on Wednesday, reaching $95.11. The stock had a trading volume of 282,996 shares, compared to its average volume of 1,594,926. The business’s 50-day moving average price is $94.19 and its two-hundred day moving average price is $88.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. 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 cap of $18.63 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 2.25 and a beta of 0.96.

Omnicom Group (NYSE:OMCGet Free Report) last issued its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. On average, sell-side analysts forecast that Omnicom Group Inc. will post 7.84 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, June 10th. Omnicom Group’s payout ratio is currently 37.84%.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 453 shares of the company’s stock in a transaction 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 directly owns 9,830 shares in the company, valued at approximately $911,044.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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