Aquatic Capital Management LLC Takes $8.67 Million Position in Omnicom Group Inc. (NYSE:OMC)

Aquatic Capital Management LLC acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 100,800 shares of the business services provider's stock, valued at approximately $8,673,000. Aquatic Capital Management LLC owned 0.05% of Omnicom Group as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in OMC. Vanguard Group Inc. grew its holdings in Omnicom Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock worth $1,982,518,000 after acquiring an additional 99,424 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock worth $577,732,000 after acquiring an additional 156,438 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Omnicom Group by 50.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock worth $513,922,000 after acquiring an additional 1,992,695 shares in the last quarter. Geode Capital Management LLC grew its holdings in Omnicom Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock worth $442,453,000 after acquiring an additional 51,148 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Omnicom Group by 23.8% during the 4th quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock worth $334,076,000 after acquiring an additional 747,575 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Up 0.4 %

NYSE OMC traded up $0.32 during trading on Wednesday, hitting $76.18. 2,872,371 shares of the company traded hands, compared to its average volume of 2,204,856. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The business has a fifty day simple moving average of $78.44 and a 200 day simple moving average of $88.06. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $14.86 billion, a P/E ratio of 10.23, a PEG ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were paid a $0.70 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.68%. Omnicom Group's payout ratio is presently 38.30%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company reduced their price objective on 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. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Citigroup reissued a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $101.29.

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.