69,578 Shares in Omnicom Group Inc. $OMC Bought by Goelzer Investment Management Inc.

Key Points

• Goelzer Investment Management acquired a new position of 69,578 shares of Omnicom in Q4, valued at approximately $5.62 million.
• Omnicom's board approved a $5.0 billion share repurchase program (up to 38.1% of shares) and declared a quarterly dividend of $0.80 per share (annualized $3.20, ~4.3% yield; ex-dividend March 11).
• The company missed Q4 estimates with $2.59 EPS vs. $2.94 expected and revenue of $5.53B vs. $7.58B expected, while analysts maintain a consensus Hold rating and a ~$95.86 target price.

Goelzer Investment Management Inc. acquired a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 69,578 shares of the business services provider's stock, valued at approximately $5,618,000.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in Omnicom Group during the second quarter valued at about $256,000. Prudential Financial Inc. raised its position in Omnicom Group by 8.0% in the second quarter. Prudential Financial Inc. now owns 114,996 shares of the business services provider's stock worth $8,273,000 after acquiring an additional 8,496 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in Omnicom Group by 94.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 27,321 shares of the business services provider's stock valued at $1,965,000 after acquiring an additional 13,264 shares during the last quarter. Choreo LLC grew its position in shares of Omnicom Group by 159.0% during the 2nd quarter. Choreo LLC now owns 8,506 shares of the business services provider's stock valued at $619,000 after acquiring an additional 5,222 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Omnicom Group by 185.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 6,603 shares of the business services provider's stock valued at $475,000 after acquiring an additional 4,292 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Down 1.9%

OMC opened at $73.85 on Friday. The company has a 50 day moving average of $77.16 and a 200 day moving average of $76.96. The company has a market cap of $22.92 billion, a PE ratio of 150.70, a price-to-earnings-growth ratio of 0.61 and a beta of 0.71. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.94 by ($0.35). The business had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $7.58 billion. Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The company's revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.41 EPS. On average, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, March 11th. Omnicom Group's payout ratio is presently 653.06%.

Omnicom Group declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 38.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Citigroup lifted their price target on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 20th. UBS Group raised their target price on Omnicom Group from $108.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, March 20th. Argus upgraded Omnicom Group to a "hold" rating in a research note on Thursday. Barclays upped their price target on Omnicom Group from $82.00 to $90.00 and gave the company an "equal weight" rating in a research report on Monday, February 23rd. Finally, Morgan Stanley started coverage on Omnicom Group in a research note on Tuesday, December 16th. They set an "equal weight" rating and a $88.00 price target for the company. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $95.86.

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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