Curat Global LLC Acquires Shares of 6,180 Omnicom Group Inc. (NYSE:OMC)

Curat Global LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,180 shares of the business services provider's stock, valued at approximately $512,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OMC. HF Advisory Group LLC increased its stake in shares of Omnicom Group by 25.1% in the first quarter. HF Advisory Group LLC now owns 4,847 shares of the business services provider's stock valued at $402,000 after buying an additional 973 shares in the last quarter. Financial Advisory Partners LLC increased its stake in shares of Omnicom Group by 62.0% in the first quarter. Financial Advisory Partners LLC now owns 26,968 shares of the business services provider's stock valued at $2,236,000 after buying an additional 10,324 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Omnicom Group in the first quarter valued at $47,000. Fulton Bank N.A. increased its stake in shares of Omnicom Group by 10.5% in the first quarter. Fulton Bank N.A. now owns 4,653 shares of the business services provider's stock valued at $386,000 after buying an additional 442 shares in the last quarter. Finally, HBW Advisory Services LLC increased its stake in shares of Omnicom Group by 18.6% in the first quarter. HBW Advisory Services LLC now owns 37,100 shares of the business services provider's stock valued at $3,076,000 after buying an additional 5,822 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

Shares of OMC stock opened at $70.20 on Friday. The stock has a 50-day moving average price of $74.68 and a 200 day moving average price of $82.98. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 1.94 and a beta of 0.93. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is currently 38.30%.

Analyst Ratings Changes

A number of analysts have recently weighed in on OMC shares. Wells Fargo & Company lowered their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays lowered their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, UBS Group lowered their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $101.29.

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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