Omnicom Group Inc. (OMC) Shares Sold by Axa

Axa lowered its position in Omnicom Group Inc. (NYSE:OMC) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,007 shares of the business services provider’s stock after selling 30,520 shares during the period. Axa owned 0.09% of Omnicom Group worth $17,327,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OMC. BlackRock Inc. raised its stake in shares of Omnicom Group by 3,091.8% in the first quarter. BlackRock Inc. now owns 17,041,057 shares of the business services provider’s stock valued at $1,469,108,000 after acquiring an additional 16,507,161 shares during the last quarter. Beutel Goodman & Co Ltd. bought a new position in shares of Omnicom Group in the second quarter valued at approximately $153,358,000. Morgan Stanley raised its stake in shares of Omnicom Group by 268.1% in the first quarter. Morgan Stanley now owns 1,639,312 shares of the business services provider’s stock valued at $141,325,000 after acquiring an additional 1,194,001 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of Omnicom Group by 21.3% in the second quarter. Pzena Investment Management LLC now owns 5,978,986 shares of the business services provider’s stock valued at $495,658,000 after acquiring an additional 1,049,746 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of Omnicom Group by 769.0% in the first quarter. WINTON GROUP Ltd now owns 710,764 shares of the business services provider’s stock valued at $60,415,000 after acquiring an additional 628,969 shares during the last quarter. Institutional investors own 98.71% of the company’s stock.

Omnicom Group Inc. (OMC) opened at 72.83 on Monday. Omnicom Group Inc. has a 52-week low of $71.63 and a 52-week high of $89.66. The company has a 50-day moving average of $76.71 and a 200 day moving average of $81.89. The company has a market cap of $16.81 billion, a PE ratio of 14.71 and a beta of 1.27.

Omnicom Group (NYSE:OMC) last issued its earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the business posted $1.36 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Equities research analysts predict that Omnicom Group Inc. will post $5.08 EPS for the current 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 $0.55 dividend. The ex-dividend date is Thursday, September 21st. This represents a $2.20 dividend on an annualized basis and a yield of 3.02%. Omnicom Group’s dividend payout ratio is currently 44.44%.

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A number of research firms have recently issued reports on OMC. Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the company a “buy” rating in a research note on Saturday, May 20th. BidaskClub cut shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Citigroup Inc. upgraded shares of Omnicom Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 6th. Zacks Investment Research cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Macquarie cut shares of Omnicom Group from an “outperform” rating to a “neutral” rating and cut their target price for the company from $90.00 to $83.00 in a research note on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus 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 firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $82.19, for a total value of $39,697.77. Following the sale, the director now owns 7,724 shares in the company, valued at $634,835.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer Dennis E. Hewitt sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the completion of the sale, the treasurer now owns 44,161 shares in the company, valued at approximately $3,493,576.71. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

About Omnicom Group

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.

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

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