Aberdeen Group plc Has $11.25 Million Position in Omnicom Group Inc. $OMC

Key Points

• Aberdeen Group plc increased its stake in Omnicom Group Inc. by 106.2% during the first quarter, owning approximately $11.25 million in shares at the end of the period.
• Omnicom Group reported $2.05 EPS, surpassing analyst expectations, with overall revenue of $4.02 billion for the quarter, reflecting a 4.2% increase year-over-year.
• The company recently announced a quarterly dividend of $0.70 per share, representing an annual yield of 3.6%, with the ex-dividend date set for September 2nd.

Aberdeen Group plc grew its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 106.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,052 shares of the business services provider's stock after acquiring an additional 70,595 shares during the period. Aberdeen Group plc owned about 0.07% of Omnicom Group worth $11,254,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in OMC. Dimensional Fund Advisors LP raised its holdings in shares of Omnicom Group by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,181,425 shares of the business services provider's stock worth $263,700,000 after purchasing an additional 279,265 shares during the period. Horizon Investments LLC lifted its stake in shares of Omnicom Group by 6.6% in the 1st quarter. Horizon Investments LLC now owns 2,859 shares of the business services provider's stock worth $237,000 after acquiring an additional 176 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of Omnicom Group by 214.8% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 45,830 shares of the business services provider's stock worth $3,800,000 after acquiring an additional 31,271 shares during the period. Boston Partners lifted its stake in shares of Omnicom Group by 18.5% in the 1st quarter. Boston Partners now owns 4,882,041 shares of the business services provider's stock worth $402,598,000 after acquiring an additional 762,871 shares during the period. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Omnicom Group in the 1st quarter worth approximately $102,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on OMC shares. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 16th. Barclays cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Finally, Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research note on Monday, June 23rd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $94.43.

Omnicom Group Trading Up 2.6%

Shares of OMC traded up $2.0480 during midday trading on Friday, hitting $79.5280. The stock had a trading volume of 4,736,853 shares, compared to its average volume of 3,263,023. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The business has a 50-day simple moving average of $73.44 and a two-hundred day simple moving average of $76.07. The firm has a market cap of $15.41 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 1.58 and a beta of 0.94. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $2.02 by $0.03. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same period last year, the company posted $1.95 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's dividend payout ratio (DPR) is presently 40.17%.

About Omnicom Group

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.