Sanctuary Advisors LLC Has $1.80 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Sanctuary Advisors LLC grew its stake in Omnicom Group Inc. (NYSE:OMC) by 33.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,551 shares of the business services provider’s stock after acquiring an additional 4,423 shares during the period. Sanctuary Advisors LLC’s holdings in Omnicom Group were worth $1,797,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new position in Omnicom Group during the third quarter valued at approximately $33,000. Davis Capital Management bought a new stake in shares of Omnicom Group during the 3rd quarter worth approximately $36,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at approximately $33,000. HM Payson & Co. boosted its holdings in shares of Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Omnicom Group in the third quarter valued at $55,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on OMC shares. JPMorgan Chase & Co. upped their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company dropped their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. UBS Group lifted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Bank of America upped their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.00.

Omnicom Group Stock Up 0.2 %

Omnicom Group stock opened at $87.89 on Friday. Omnicom Group Inc. has a twelve month low of $84.43 and a twelve month high of $107.00. The stock has a market cap of $17.15 billion, a P/E ratio of 12.01, a P/E/G ratio of 2.07 and a beta of 0.94. The company’s 50-day moving average price is $100.56 and its two-hundred day moving average price is $97.12. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter last year, the company earned $1.86 earnings per share. As a group, analysts expect that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

Insider Activity

In other news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.

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.