Entropy Technologies LP acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 22,586 shares of the business services provider's stock, valued at approximately $1,873,000.
Several other hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. boosted its holdings in shares of Omnicom Group by 11.8% during the 1st quarter. Benjamin Edwards Inc. now owns 23,018 shares of the business services provider's stock valued at $1,908,000 after acquiring an additional 2,436 shares in the last quarter. Covestor Ltd lifted its holdings in Omnicom Group by 92.1% during the 1st quarter. Covestor Ltd now owns 2,565 shares of the business services provider's stock worth $213,000 after buying an additional 1,230 shares during the period. JPMorgan Chase & Co. lifted its holdings in Omnicom Group by 32.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,851,294 shares of the business services provider's stock worth $236,401,000 after buying an additional 704,275 shares during the period. Zions Bancorporation National Association UT acquired a new position in Omnicom Group during the 1st quarter worth about $34,000. Finally, Morton Community Bank lifted its holdings in Omnicom Group by 1.8% during the 1st quarter. Morton Community Bank now owns 40,765 shares of the business services provider's stock worth $3,380,000 after buying an additional 712 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on OMC shares. Citigroup reaffirmed a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a report 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 on the stock in a report on Wednesday, July 16th. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a report on Monday, June 23rd. Finally, Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their target price for the stock 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.43.
Get Our Latest Research Report on OMC
Omnicom Group Stock Up 0.1%
Shares of NYSE:OMC opened at $72.76 on Monday. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.45 and a beta of 0.94. 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 business's 50-day moving average is $72.44 and its 200-day moving average is $76.73. 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 announced its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 EPS. Equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.
Omnicom Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's payout ratio is presently 40.17%.
About Omnicom Group
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Omnicom Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Omnicom Group wasn't on the list.
While Omnicom Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.