Cambridge Trust Co. Has $277,000 Position in Omnicom Group Inc. (NYSE:OMC)

Cambridge Trust Co. trimmed its stake in Omnicom Group Inc. (NYSE:OMC) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,860 shares of the business services provider’s stock after selling 121 shares during the quarter. Cambridge Trust Co.’s holdings in Omnicom Group were worth $277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new position in shares of Omnicom Group in the fourth quarter worth approximately $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Omnicom Group during the fourth quarter valued at about $26,000. Pinnacle Bancorp Inc. lifted its stake in shares of Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Richardson Financial Services Inc. bought a new stake in shares of Omnicom Group in the 4th quarter worth approximately $29,000. Finally, First United Bank & Trust bought a new position in Omnicom Group in the 4th quarter worth about $35,000. 91.97% of the stock is owned by institutional investors.

Insider Activity

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $941,153.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OMC. Macquarie reiterated an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a research note on Wednesday, July 17th. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Moffett Nathanson increased their price objective on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. raised their target price on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, Barclays upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.70.

Omnicom Group Stock Performance

Omnicom Group stock traded down $2.85 during mid-day trading on Friday, reaching $92.00. 1,867,755 shares of the company traded hands, compared to its average volume of 1,915,319. The firm’s fifty day moving average is $91.43 and its two-hundred day moving average is $91.77. The company has a market capitalization of $18.00 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $98.71. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. On average, equities research analysts expect that Omnicom Group Inc. will post 7.92 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s payout ratio is 37.84%.

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.