Omnicom Group Inc. (NYSE:OMC) Shares Sold by Compass Capital Management Inc.

Compass Capital Management Inc. lowered its stake in Omnicom Group Inc. (NYSE:OMC) by 15.7% during the fourth quarter, HoldingsChannel reports. The firm owned 10,806 shares of the business services provider’s stock after selling 2,007 shares during the period. Compass Capital Management Inc.’s holdings in Omnicom Group were worth $935,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in Omnicom Group by 56.0% in the 4th quarter. Van ECK Associates Corp now owns 67,551 shares of the business services provider’s stock worth $5,844,000 after purchasing an additional 24,250 shares in the last quarter. Chase Investment Counsel Corp lifted its stake in Omnicom Group by 7.2% in the 4th quarter. Chase Investment Counsel Corp now owns 14,984 shares of the business services provider’s stock worth $1,296,000 after acquiring an additional 1,000 shares in the last quarter. HHM Wealth Advisors LLC purchased a new stake in Omnicom Group in the 4th quarter worth about $26,000. Unique Wealth Strategies LLC purchased a new stake in Omnicom Group in the 4th quarter worth about $540,000. Finally, Alexander Randolph Advisory Inc. purchased a new stake in Omnicom Group in the 4th quarter worth about $2,361,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays upped their target price on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Moffett Nathanson upped 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. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. increased their price objective on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and an average price target of $103.40.

Omnicom Group Price Performance

NYSE OMC traded down $3.05 on Tuesday, hitting $92.84. 1,483,438 shares of the company’s stock were exchanged, compared to its average volume of 1,659,059. The stock has a 50-day moving average of $92.57 and a 200-day moving average of $86.37. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The stock has a market cap of $18.18 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 2.25 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the business posted $2.09 earnings per share. Omnicom Group’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 3.02%. Omnicom Group’s payout ratio is 37.84%.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by insiders.

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.