Omnicom Group Inc. $OMC Shares Acquired by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP has increased its stake in Omnicom Group Inc. by 9.6%, now holding approximately 3.18 million shares valued at $263.7 million.
• Omnicom reported a quarterly earnings of $2.05 per share, exceeding estimates, with revenue of $4.02 billion and a year-over-year growth of 4.2%.
• The company announced a quarterly dividend of $0.70 per share, representing an annualized dividend of $2.80 with a yield of 3.6%.

Dimensional Fund Advisors LP increased its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 9.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,181,425 shares of the business services provider's stock after buying an additional 279,265 shares during the quarter. Dimensional Fund Advisors LP owned about 1.63% of Omnicom Group worth $263,700,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in OMC. Rockefeller Capital Management L.P. purchased a new position in Omnicom Group during the fourth quarter worth approximately $991,000. NewEdge Advisors LLC lifted its position in Omnicom Group by 1.9% during the fourth quarter. NewEdge Advisors LLC now owns 41,527 shares of the business services provider's stock worth $3,573,000 after buying an additional 773 shares in the last quarter. Marshall Wace LLP purchased a new position in Omnicom Group during the fourth quarter worth approximately $3,015,000. CANADA LIFE ASSURANCE Co lifted its position in Omnicom Group by 1.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 290,135 shares of the business services provider's stock worth $24,950,000 after buying an additional 4,648 shares in the last quarter. Finally, Commerce Bank lifted its position in Omnicom Group by 0.5% during the fourth quarter. Commerce Bank now owns 62,384 shares of the business services provider's stock worth $5,368,000 after buying an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Up 2.6%

OMC stock traded up $2.0480 during midday trading on Friday, hitting $79.5280. 4,736,853 shares of the company's stock were exchanged, compared to its average volume of 3,263,023. The business has a 50-day simple moving average of $73.44 and a two-hundred day simple moving average of $76.07. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $15.41 billion, a PE ratio of 11.41, a P/E/G ratio of 1.58 and a beta of 0.94. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 33.62% and a net margin of 8.67%.The business had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the previous year, the firm posted $1.95 earnings per share. The company's revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

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

Wall Street Analyst Weigh In

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

Omnicom Group Company 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.