The Narwhal Capital Management Has $366,000 Stake in Omnicom Group Inc. (OMC)

The Narwhal Capital Management Has $366,000 Stake in Omnicom Group Inc. (OMC)

Narwhal Capital Management held its position in Omnicom Group Inc. (NYSE:OMC) during the third quarter, Holdings Channel reports. The institutional investor owned 4,305 shares of the company’s stock at the end of the third quarter. Narwhal Capital Management’s holdings in Omnicom Group were worth $366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OMC. Independent Portfolio Consultants Inc. increased its position in Omnicom Group by 27.0% in the third quarter. Independent Portfolio Consultants Inc. now owns 1,200 shares of the company’s stock valued at $102,000 after buying an additional 255 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Omnicom Group during the third quarter valued at $122,000. PineBridge Investments L.P. increased its position in Omnicom Group by 11.0% in the second quarter. PineBridge Investments L.P. now owns 2,000 shares of the company’s stock valued at $163,000 after buying an additional 198 shares during the last quarter. City Holding Co. increased its position in Omnicom Group by 0.4% in the third quarter. City Holding Co. now owns 1,949 shares of the company’s stock valued at $166,000 after buying an additional 7 shares during the last quarter. Finally, Signaturefd LLC increased its position in Omnicom Group by 8.6% in the second quarter. Signaturefd LLC now owns 2,211 shares of the company’s stock valued at $180,000 after buying an additional 176 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

Shares of Omnicom Group Inc. (NYSE:OMC) traded up 0.41% during trading on Wednesday, hitting $85.17. The company had a trading volume of 1,138,657 shares. The firm’s 50 day moving average is $86.08 and its 200-day moving average is $83.97. The stock has a market capitalization of $20.09 billion, a P/E ratio of 18.26 and a beta of 1.26. Omnicom Group Inc. has a 52 week low of $67.09 and a 52 week high of $89.66.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 9th. Investors of record on Monday, December 19th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, December 15th. Omnicom Group’s payout ratio is currently 47.11%.

A number of analysts recently issued reports on the company. Pivotal Research reissued a “hold” rating and set a $79.00 price objective on shares of Omnicom Group in a report on Thursday, January 12th. Zacks Investment Research cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, October 21st. RBC Capital Markets reissued a “hold” rating and set a $87.00 price objective on shares of Omnicom Group in a report on Sunday, October 9th. Finally, Royal Bank Of Canada assumed coverage on Omnicom Group in a report on Friday, October 7th. They set a “sector perform” rating and a $87.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $83.36.

In related news, Treasurer Dennis E. Hewitt sold 1,000 shares of Omnicom Group stock in a transaction on Friday, October 21st. The stock was sold at an average price of $79.57, for a total value of $79,570.00. Following the completion of the sale, the treasurer now owns 38,075 shares of the company’s stock, valued at $3,029,627.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leonard S. Coleman, Jr. sold 986 shares of Omnicom Group stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $87.74, for a total value of $86,511.64. Following the completion of the sale, the director now directly owns 26,829 shares of the company’s stock, valued at approximately $2,353,976.46. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Omnicom Group Company Profile

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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