Omnicom Group Inc. (NYSE:OMC) Stock Position Cut by Radnor Capital Management LLC

Radnor Capital Management LLC lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 2.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,100 shares of the business services provider’s stock after selling 150 shares during the period. Radnor Capital Management LLC’s holdings in Omnicom Group were worth $423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Procyon Advisors LLC acquired a new stake in Omnicom Group in the 1st quarter valued at about $1,776,000. Curat Global LLC acquired a new stake in Omnicom Group in the 1st quarter valued at about $512,000. HF Advisory Group LLC lifted its holdings in Omnicom Group by 25.1% in the 1st quarter. HF Advisory Group LLC now owns 4,847 shares of the business services provider’s stock valued at $402,000 after acquiring an additional 973 shares during the last quarter. Financial Advisory Partners LLC lifted its holdings in Omnicom Group by 62.0% in the 1st quarter. Financial Advisory Partners LLC now owns 26,968 shares of the business services provider’s stock valued at $2,236,000 after acquiring an additional 10,324 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in Omnicom Group in the 1st quarter valued at about $47,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

OMC stock opened at $71.43 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The firm has a market capitalization of $13.94 billion, a PE ratio of 9.59, a P/E/G ratio of 1.94 and a beta of 0.93. The firm has a 50-day moving average of $74.51 and a two-hundred day moving average of $82.68.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. On average, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group’s dividend payout ratio is currently 38.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OMC shares. Barclays cut their price target on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Citigroup reaffirmed a “buy” rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.29.

Omnicom Group Company 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.