Board of the Pension Protection Fund Makes New Investment in Omnicom Group Inc. $OMC

Key Points

• The Pension Protection Fund has acquired approximately 12,900 shares of Omnicom Group Inc., valued at around $928,000, as reported in their recent SEC filing.
• Several equity analysts recently downgraded and upgraded Omnicom Group's stock, with current price targets ranging from $80.00 to $96.00.
• Omnicom Group recently declared a quarterly dividend of $0.70, resulting in an annualized yield of 3.7%.

Board of the Pension Protection Fund bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,900 shares of the business services provider's stock, valued at approximately $928,000.

Several other hedge funds and other institutional investors have also modified their holdings of OMC. Zions Bancorporation National Association UT bought a new position in shares of Omnicom Group during the first quarter valued at $34,000. Ameritas Advisory Services LLC bought a new position in shares of Omnicom Group during the second quarter valued at $34,000. Gen Wealth Partners Inc bought a new position in shares of Omnicom Group during the first quarter valued at $36,000. Golden State Wealth Management LLC lifted its holdings in shares of Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock valued at $41,000 after acquiring an additional 343 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in Omnicom Group during the 1st quarter valued at about $43,000. Institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OMC shares. Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Wells Fargo & Company upgraded shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Omnicom Group in a research note on Wednesday. Bank of America upgraded Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a research report on Monday, June 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. 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 has an average rating of "Moderate Buy" and an average target price of $96.29.

Omnicom Group Price Performance

OMC opened at $76.50 on Friday. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80. The company's 50 day simple moving average is $76.88 and its 200-day simple moving average is $74.98. The stock has a market capitalization of $14.82 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96.

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

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 2nd were issued a $0.70 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.80 annualized dividend and a yield of 3.7%. Omnicom Group's dividend payout ratio (DPR) is currently 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.

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