D Orazio & Associates Inc. Buys Shares of 737 Omnicom Group Inc. (NYSE:OMC)

D Orazio & Associates Inc. bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the third quarter, Holdings Channel.com reports. The firm bought 737 shares of the business services provider’s stock, valued at approximately $53,000.

A number of other institutional investors also recently modified their holdings of the business. Headinvest LLC increased its position in shares of Omnicom Group by 3.8% during the second quarter. Headinvest LLC now owns 4,325 shares of the business services provider’s stock worth $345,000 after acquiring an additional 159 shares in the last quarter. Sawtooth Solutions LLC increased its position in shares of Omnicom Group by 3.4% during the third quarter. Sawtooth Solutions LLC now owns 5,075 shares of the business services provider’s stock worth $368,000 after acquiring an additional 168 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Omnicom Group by 7.3% during the second quarter. Jones Financial Companies Lllp now owns 2,667 shares of the business services provider’s stock worth $213,000 after acquiring an additional 181 shares in the last quarter. Beacon Financial Group increased its position in shares of Omnicom Group by 1.1% during the third quarter. Beacon Financial Group now owns 17,390 shares of the business services provider’s stock worth $1,279,000 after acquiring an additional 189 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in shares of Omnicom Group by 5.5% during the second quarter. Johnson Investment Counsel Inc. now owns 3,625 shares of the business services provider’s stock worth $293,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

In other Omnicom Group news, Director Linda Johnson Rice sold 1,817 shares of the business’s stock in a transaction dated Tuesday, November 9th. The shares were sold at an average price of $68.89, for a total value of $125,173.13. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

Omnicom Group stock traded down $0.29 during midday trading on Friday, hitting $78.60. 7,784 shares of the stock were exchanged, compared to its average volume of 2,164,121. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.42 and a beta of 0.84. Omnicom Group Inc. has a 52-week low of $61.46 and a 52-week high of $86.38. The business’s 50-day moving average price is $71.38 and its 200-day moving average price is $73.14.

Omnicom Group (NYSE:OMC) last released its earnings results on Monday, October 18th. The business services provider reported $1.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.28. The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Omnicom Group had a net margin of 9.79% and a return on equity of 36.95%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 earnings per share. On average, sell-side analysts predict that Omnicom Group Inc. will post 6.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 11th. Shareholders of record on Tuesday, December 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Monday, December 20th. Omnicom Group’s payout ratio is 43.61%.

Several research analysts recently weighed in on OMC shares. Zacks Investment Research cut shares of Omnicom Group from a “hold” rating to a “sell” rating and set a $81.00 price target on the stock. in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Omnicom Group from $90.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, October 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $84.67.

About Omnicom Group

Omnicom Group, Inc is a holding company, which engages in the management and provision of advertising agencies. The firm offers marketing and corporate communications services. Its agency networks operates in the advertising, marketing, and corporate communications services industry, which are organized into regions, such as the Americas, EMEA and Asia-Pacific.

Further Reading: Leveraged Buyout (LBO)

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

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