Delphi Management Inc. MA Invests $1.49 Million in Omnicom Group Inc. (NYSE:OMC)

Delphi Management Inc. MA purchased a new position in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,601 shares of the business services provider’s stock, valued at approximately $1,489,000.

Other hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. purchased a new position in shares of Omnicom Group in the fourth quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Omnicom Group in the second quarter worth $33,000. Innealta Capital LLC bought a new stake in shares of Omnicom Group in the second quarter worth $33,000. Northwest Investment Counselors LLC bought a new stake in shares of Omnicom Group in the first quarter worth $50,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of Omnicom Group in the first quarter worth $52,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on OMC shares. Macquarie reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Omnicom Group in a report on Wednesday, July 17th. Bank of America lifted their price objective on Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. Finally, UBS Group lifted their price objective on Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.30.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the sale, the director now directly owns 10,356 shares in the company, valued at $941,153.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares in the company, valued at $1,524,738.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the transaction, the director now directly owns 10,356 shares in the company, valued at approximately $941,153.28. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $103.39 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.38 and a beta of 0.94. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $104.80. The stock’s 50-day simple moving average is $97.69 and its 200-day simple moving average is $94.45.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.81 earnings per share. As a group, analysts expect that Omnicom Group Inc. will post 7.88 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.71%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

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.