36,085 Shares in Omnicom Group Inc. $OMC Purchased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management purchased 36,085 shares of Omnicom Group worth approximately $2.63 million, while institutional investors and hedge funds collectively own 91.97% of the company.
• Analyst sentiment is mixed, with four Buy, five Hold, and two Sell ratings; the stock has a consensus rating of Hold and an average price target of $99.
• Omnicom reported quarterly revenue of $6.56 billion, up 63.4% year over year, but narrowly missed EPS estimates. The company also declared a quarterly dividend of $0.80, implying a 3.6% annualized yield.

Northwestern Mutual Wealth Management Co. bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,085 shares of the business services provider's stock, valued at approximately $2,628,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wakefield Asset Management LLLP raised its position in Omnicom Group by 2.6% in the 4th quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider's stock valued at $477,000 after purchasing an additional 149 shares during the last quarter. Caldwell Trust Co grew its holdings in shares of Omnicom Group by 29.0% during the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider's stock worth $50,000 after purchasing an additional 149 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Omnicom Group by 39.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider's stock worth $41,000 after buying an additional 153 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its position in Omnicom Group by 3.5% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider's stock worth $395,000 after buying an additional 167 shares in the last quarter. Finally, Binnacle Investments Inc lifted its position in shares of Omnicom Group by 17.7% during the second quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider's stock worth $81,000 after purchasing an additional 169 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OMC has been the topic of several research reports. Rothschild & Co Redburn started coverage on Omnicom Group in a report on Thursday, May 28th. They set a "neutral" rating and a $89.00 price objective on the stock. Weiss Ratings upgraded Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 30th. Zacks Research downgraded Omnicom Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Citigroup cut their price target on Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Wells Fargo & Company raised their price target on Omnicom Group from $91.00 to $93.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Omnicom Group currently has a consensus rating of "Hold" and an average target price of $99.00.

Omnicom Group Trading Up 1.6%

OMC opened at $88.94 on Tuesday. The firm's fifty day moving average is $80.59 and its two-hundred day moving average is $77.72. The firm has a market cap of $24.40 billion, a PE ratio of 76.68, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $89.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The business had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The firm's revenue was up 63.4% on a year-over-year basis. Equities research analysts anticipate that Omnicom Group Inc. will post 10.35 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.6%. Omnicom Group's dividend payout ratio (DPR) is 275.86%.

Omnicom Group Company Profile

Omnicom Group Inc NYSE: OMC is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company's primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.

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