Omnicom Group Inc. (NYSE:OMC) Shares Sold by Cypress Wealth Services LLC

Cypress Wealth Services LLC decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 10.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,464 shares of the business services provider’s stock after selling 538 shares during the quarter. Cypress Wealth Services LLC’s holdings in Omnicom Group were worth $432,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Arvest Investments Inc. acquired a new position in Omnicom Group in the fourth quarter valued at $1,969,000. Raymond James & Associates boosted its holdings in Omnicom Group by 3.3% in the fourth quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock valued at $37,471,000 after acquiring an additional 13,709 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Omnicom Group by 1,627.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock worth $5,752,000 after purchasing an additional 62,640 shares in the last quarter. Kodai Capital Management LP acquired a new position in shares of Omnicom Group during the fourth quarter worth about $27,419,000. Finally, Occidental Asset Management LLC lifted its stake in shares of Omnicom Group by 329.0% during the fourth quarter. Occidental Asset Management LLC now owns 13,802 shares of the business services provider’s stock worth $1,194,000 after purchasing an additional 10,585 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Buying and Selling

In other news, Director Linda Johnson Rice sold 453 shares of the firm’s 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 sale, the director now owns 9,830 shares of the company’s stock, valued at $911,044.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

OMC stock traded up $0.30 during mid-day trading on Thursday, reaching $88.99. 1,041,654 shares of the stock traded hands, compared to its average volume of 1,593,447. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average of $92.97 and a two-hundred day moving average of $90.77. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The firm has a market capitalization of $17.43 billion, a PE ratio of 12.03, a P/E/G ratio of 2.09 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.15. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.58 billion. As a group, equities analysts predict that Omnicom Group Inc. will post 7.84 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Monday, June 10th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OMC. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $91.00 to $106.00 in a research report on Wednesday, April 17th. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $100.00 to $110.00 in a research report on Tuesday, May 7th. Moffett Nathanson lifted 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. Finally, BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

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.