Defender Capital LLC. Takes Position in Omnicom Group Inc. $OMC

Key Points

• Defender Capital LLC has acquired a new stake of 5,000 shares in Omnicom Group Inc., valued at approximately $360,000, during the second quarter.
• A number of brokerages, including Wells Fargo and Bank of America, have recently upgraded their ratings on Omnicom Group, indicating positive sentiment, while JPMorgan lowered its price objective.
• Omnicom Group reported revenue of $4.02 billion for the last quarter, exceeding estimates, along with a quarterly dividend of $0.70, yielding 3.7%.

Defender Capital LLC. purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,000 shares of the business services provider's stock, valued at approximately $360,000.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new stake in shares of Omnicom Group during the first quarter valued at approximately $34,000. Gen Wealth Partners Inc purchased a new stake in shares of Omnicom Group during the first quarter valued at approximately $36,000. Ameritas Advisory Services LLC purchased a new stake in shares of Omnicom Group during the second quarter valued at approximately $34,000. Golden State Wealth Management LLC grew 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 buying an additional 343 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Omnicom Group during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OMC. Wells Fargo & Company upgraded shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Bank of America upgraded 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 report on Monday, June 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, 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 report on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $96.29.

Omnicom Group Stock Up 0.2%

OMC opened at $76.62 on Tuesday. 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 Inc. has a 1-year low of $68.37 and a 1-year high of $107.00. The company has a market capitalization of $14.84 billion, a PE ratio of 10.99, a PEG ratio of 1.49 and a beta of 0.96. The firm's 50 day simple moving average is $76.97 and its two-hundred day simple moving average is $74.92.

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, 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 business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same period last year, the firm earned $1.95 earnings per share. The company's quarterly revenue 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd were given 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 presently 40.17%.

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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