Cwm LLC Buys 4,045 Shares of Omnicom Group Inc. (NYSE:OMC)

CWM LLC increased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 7.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,968 shares of the business services provider's stock after buying an additional 4,045 shares during the period. CWM LLC's holdings in Omnicom Group were worth $4,723,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Merit Financial Group LLC grew its holdings in Omnicom Group by 157.9% in the first quarter. Merit Financial Group LLC now owns 7,661 shares of the business services provider's stock worth $635,000 after purchasing an additional 4,690 shares during the period. Golden State Wealth Management LLC grew its holdings in Omnicom Group by 230.2% in the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock worth $41,000 after purchasing an additional 343 shares during the period. Fifth Third Bancorp grew its holdings in Omnicom Group by 13.9% in the first quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider's stock worth $618,000 after purchasing an additional 913 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Omnicom Group in the first quarter worth $1,357,000. Finally, Asset Management One Co. Ltd. grew its holdings in Omnicom Group by 10.4% in the first quarter. Asset Management One Co. Ltd. now owns 81,474 shares of the business services provider's stock worth $6,755,000 after purchasing an additional 7,665 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 4.4%

Shares of OMC traded down $3.25 during trading hours on Thursday, reaching $70.80. 6,956,928 shares of the stock traded hands, compared to its average volume of 2,730,713. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 1.24. The stock has a fifty day simple moving average of $73.07 and a 200 day simple moving average of $78.24. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 1.62 and a beta of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. Omnicom Group had a net margin of 8.67% and a return on equity of 34.16%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the firm earned $1.95 earnings per share. The firm's revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Tuesday, June 10th. Omnicom Group's payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OMC shares. Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a report on Monday, June 23rd. UBS Group reduced their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Citigroup reiterated a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a report on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Barclays cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of "Moderate Buy" and an average target price of $94.43.

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.