Omnicom Group Inc. (OMC) Position Held by Fenimore Asset Management Inc.
Fenimore Asset Management Inc. held its stake in shares of Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 21,000 shares of the business services provider’s stock at the end of the second quarter. Fenimore Asset Management Inc.’s holdings in Omnicom Group were worth $1,741,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of Omnicom Group during the fourth quarter worth $306,000. GSA Capital Partners LLP acquired a new stake in shares of Omnicom Group during the fourth quarter worth $395,000. Thrivent Financial for Lutherans raised its stake in shares of Omnicom Group by 6.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,250 shares of the business services provider’s stock worth $702,000 after buying an additional 510 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new stake in shares of Omnicom Group during the fourth quarter worth $2,609,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Omnicom Group during the fourth quarter worth $205,000. Hedge funds and other institutional investors own 98.68% of the company’s stock.
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Omnicom Group Inc. (NYSE:OMC) traded down 1.13% during midday trading on Thursday, reaching $77.93. The company’s stock had a trading volume of 1,714,335 shares. The firm has a 50 day moving average price of $81.02 and a 200-day moving average price of $83.50. The company has a market cap of $17.98 billion, a P/E ratio of 15.74 and a beta of 1.25. Omnicom Group Inc. has a 12-month low of $77.50 and a 12-month high of $89.66.
Omnicom Group (NYSE:OMC) last announced its earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.02. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post $5.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.20 annualized dividend and a yield of 2.82%. Omnicom Group’s dividend payout ratio (DPR) is presently 44.44%.
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A number of equities research analysts have recently weighed in on OMC shares. Evercore ISI initiated coverage on Omnicom Group in a research report on Monday, April 17th. They issued an “in-line” rating and a $91.00 price objective on the stock. They noted that the move was a valuation call. Wedbush dropped their price target on Omnicom Group from $90.00 to $89.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 19th. Barclays PLC restated a “hold” rating and set a $86.00 price target on shares of Omnicom Group in a research report on Thursday, April 20th. Zacks Investment Research lowered Omnicom Group from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Finally, Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the company a “buy” rating in a research report on Saturday, May 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $86.00.
In other Omnicom Group news, Director Linda Johnson Rice sold 483 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the sale, the director now owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bruce Crawford sold 22,800 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $84.91, for a total value of $1,935,948.00. Following the sale, the chairman now directly owns 105,250 shares in the company, valued at approximately $8,936,777.50. The disclosure for this sale can be found here. Insiders have sold a total of 24,183 shares of company stock worth $2,046,845 in the last ninety days. Insiders own 1.10% of the company’s stock.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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