Jaffetilchin Investment Partners LLC Decreases Stake in Omnicom Group Inc. (OMC)

Jaffetilchin Investment Partners LLC lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 0.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,331 shares of the business services provider’s stock after selling 2 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Omnicom Group were worth $546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in Omnicom Group during the fourth quarter worth $176,690,000. Institutional Capital LLC increased its stake in shares of Omnicom Group by 138.8% in the fourth quarter. Institutional Capital LLC now owns 2,350,056 shares of the business services provider’s stock valued at $200,013,000 after buying an additional 1,365,822 shares in the last quarter. FIL Ltd increased its stake in shares of Omnicom Group by 18.3% in the fourth quarter. FIL Ltd now owns 3,647,939 shares of the business services provider’s stock valued at $310,476,000 after buying an additional 563,853 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Omnicom Group by 9.0% in the first quarter. Bank of New York Mellon Corp now owns 5,933,025 shares of the business services provider’s stock valued at $511,487,000 after buying an additional 488,684 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Omnicom Group by 1,969.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 455,614 shares of the business services provider’s stock valued at $38,795,000 after buying an additional 433,596 shares in the last quarter. 98.48% of the stock is owned by institutional investors and hedge funds.

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

Omnicom Group Inc. (NYSE:OMC) traded up 0.54% during trading on Friday, hitting $83.31. The company had a trading volume of 2,317,570 shares. The stock has a 50-day moving average of $82.95 and a 200 day moving average of $84.80. Omnicom Group Inc. has a one year low of $75.61 and a one year high of $89.66. The company has a market capitalization of $19.39 billion, a price-to-earnings ratio of 16.98 and a beta of 1.25.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, April 18th. The business services provider reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. Omnicom Group had a net margin of 7.54% and a return on equity of 42.34%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter last year, the firm earned $0.90 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that Omnicom Group Inc. will post $5.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Wednesday, June 14th will be given a dividend of $0.55 per share. The ex-dividend date is Monday, June 12th. This represents a $2.20 annualized dividend and a dividend yield of 2.64%. Omnicom Group’s dividend payout ratio is currently 44.81%.

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A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the stock a “buy” rating in a research note on Saturday, May 20th. Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 7th. Barclays PLC reaffirmed a “hold” rating and set a $86.00 price target on shares of Omnicom Group in a research note on Thursday, April 20th. Evercore ISI started coverage on Omnicom Group in a research note on Monday, April 17th. They set an “in-line” rating and a $91.00 price target for the company. They noted that the move was a valuation call. Finally, Macquarie downgraded Omnicom Group from an “outperform” rating to a “neutral” rating and cut their price objective 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 assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $86.23.

In related news, Chairman Bruce Crawford sold 22,800 shares of Omnicom Group stock in a transaction that occurred 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 owns 105,250 shares of the company’s stock, valued at approximately $8,936,777.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leonard S. Coleman, Jr. sold 2,038 shares of Omnicom Group stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $83.93, for a total transaction of $171,049.34. Following the completion of the sale, the director now directly owns 24,853 shares in the company, valued at approximately $2,085,912.29. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.

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