AustralianSuper Pty Ltd increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 24.2% in the third quarter, acquiring an additional 25,317 shares to bring its total stake to 129,755 shares valued at $10,579,000. This increase comes as Omnicom announced a $5.0 billion share buyback authorization and a quarterly dividend of $0.80 per share. Despite missing quarterly EPS estimates, the company reported a 27.9% revenue growth, and analysts currently maintain a “Hold” rating with an average price target of $95.00.
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AustralianSuper Pty Ltd Buys 25,317 Shares of Omnicom Group Inc. $OMC
AustralianSuper Pty Ltd increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 24.2% in the third quarter, acquiring an additional 25,317 shares to bring its total stake to 129,755 shares valued at $10,579,000. This increase comes as Omnicom announced a $5.0 billion share buyback authorization and a quarterly dividend of $0.80 per share. Despite missing quarterly EPS estimates, the company reported a 27.9% revenue growth, and analysts currently maintain a “Hold” rating with an average price target of $95.00.