4,134 Shares in Omnicom Group Inc. $OMC Purchased by 111 Capital

Key Points

• 111 Capital has acquired a new position in Omnicom Group Inc. by purchasing 4,134 shares, valued at approximately $297,000, during the second quarter.
• Analysts have mixed ratings for Omnicom Group, with five analysts giving it a Buy rating and four issuing a Hold rating; the stock currently has a consensus rating of "Moderate Buy" and an average target price of $96.29.
• Omnicom Group recently announced a quarterly dividend of $0.70 per share, representing an annualized yield of 3.6%, with a dividend payout ratio of 40.17%.

111 Capital acquired a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,134 shares of the business services provider's stock, valued at approximately $297,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new stake in Omnicom Group in the 1st quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new stake in Omnicom Group in the 2nd quarter worth about $34,000. Gen Wealth Partners Inc purchased a new stake in Omnicom Group in the 1st quarter worth about $36,000. Golden State Wealth Management LLC raised its position in Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock worth $41,000 after purchasing an additional 343 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in Omnicom Group in the 1st quarter worth about $43,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Omnicom Group in a research report on Saturday, September 27th. JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Wells Fargo & Company raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research report on Monday, June 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $96.29.

Omnicom Group Stock Performance

Shares of OMC stock opened at $78.50 on Tuesday. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.51 and a beta of 0.96. The company's 50 day moving average is $76.41 and its 200 day moving average is $75.00. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.03. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. Omnicom Group's revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.95 earnings per share. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's dividend payout ratio (DPR) is presently 40.17%.

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.

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