61,826 Shares in Omnicom Group Inc. $OMC Bought by Foster & Motley Inc.

Key Points

• Foster & Motley acquired 61,826 Omnicom Group shares during the second quarter, valued at approximately $4.5 million. Institutional investors collectively own 91.97% of OMC, with BlackRock, Vanguard, State Street and Wellington among major holders.
• Omnicom shares opened at $86.40, near their 52-week high of $88.55. The company reported quarterly revenue of $6.56 billion, up 63.4% year over year, though adjusted earnings of $2.65 per share narrowly missed estimates.
• Omnicom declared a quarterly dividend of $0.80 per share, equivalent to a 3.7% annualized yield. Analysts have a consensus “Hold” rating and an average price target of $99, despite mixed individual recommendations.

Foster & Motley Inc. acquired a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 61,826 shares of the business services provider's stock, valued at approximately $4,503,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Omnicom Group during the second quarter valued at about $2,082,476,000. Vanguard Group Inc. raised its holdings in shares of Omnicom Group by 64.2% during the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider's stock worth $3,143,930,000 after purchasing an additional 15,220,444 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Omnicom Group during the 2nd quarter valued at about $914,156,000. State Street Corp lifted its holdings in Omnicom Group by 40.4% in the fourth quarter. State Street Corp now owns 23,676,768 shares of the business services provider's stock valued at $1,933,891,000 after acquiring an additional 6,813,441 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Omnicom Group by 522.9% in the 4th quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider's stock valued at $419,858,000 after purchasing an additional 4,364,797 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 1.1%

OMC stock opened at $86.40 on Wednesday. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $88.55. The company's 50 day moving average price is $79.62 and its 200 day moving average price is $77.34. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 74.49, a PEG ratio of 0.58 and a beta of 0.64. 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 released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.02). The firm had revenue of $6.56 billion for the quarter, compared to analysts' expectations of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.Omnicom Group's revenue for the quarter was up 63.4% on a year-over-year basis. During the same period last year, the firm posted $2.05 earnings per share. On average, equities research analysts anticipate that Omnicom Group Inc. will post 10.35 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a yield of 3.7%. Omnicom Group's dividend payout ratio (DPR) is presently 275.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OMC. Citigroup lowered their price target on Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They issued a "buy" rating and a $146.00 price objective for the company. Morgan Stanley lifted their price target on Omnicom Group from $82.00 to $83.00 and gave the stock an "equal weight" rating in a report on Friday, May 1st. Rothschild & Co Redburn initiated coverage on Omnicom Group in a report on Thursday, May 28th. They issued a "neutral" rating and a $89.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $99.00.

About Omnicom Group

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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