EP Wealth Advisors LLC Takes $857,000 Position in Omnicom Group Inc. $OMC

Key Points

• EP Wealth Advisors acquired 11,764 Omnicom shares worth approximately $857,000 during the second quarter. Institutional investors collectively own 91.97% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $99.00; individual ratings range from “Strong Sell” to “Buy.”
• Omnicom reported quarterly revenue of $6.56 billion, exceeding expectations, while EPS of $2.65 narrowly missed estimates. The company declared a quarterly dividend of $0.80, representing a 3.6% annualized yield.

EP Wealth Advisors LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,764 shares of the business services provider's stock, valued at approximately $857,000.

A number of other large investors also recently bought and sold shares of the business. Wakefield Asset Management LLLP lifted its stake in shares of Omnicom Group by 2.6% during the 4th quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider's stock worth $477,000 after purchasing an additional 149 shares during the last quarter. Caldwell Trust Co grew its stake in Omnicom Group by 29.0% in the first quarter. Caldwell Trust Co now owns 662 shares of the business services provider's stock valued at $50,000 after purchasing an additional 149 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in Omnicom Group by 39.1% in the first quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider's stock worth $41,000 after purchasing an additional 153 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its position in shares of Omnicom Group by 3.5% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider's stock valued at $395,000 after buying an additional 167 shares during the last quarter. Finally, Binnacle Investments Inc boosted its holdings in shares of Omnicom Group by 17.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider's stock valued at $81,000 after buying an additional 169 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They set a "buy" rating and a $146.00 target price for the company. Wells Fargo & Company upped their price target on Omnicom Group from $91.00 to $93.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 30th. Zacks Research cut Omnicom Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Finally, Morgan Stanley boosted their target price on Omnicom Group from $82.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $99.00.

Omnicom Group Stock Performance

OMC opened at $87.87 on Monday. The firm has a market capitalization of $24.11 billion, a PE ratio of 75.75, a P/E/G ratio of 0.58 and a beta of 0.64. The firm has a 50 day moving average of $80.34 and a two-hundred day moving average of $77.58. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $88.55. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). The business had revenue of $6.56 billion during the quarter, compared to analysts' expectations of $6.44 billion. Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. Omnicom Group's revenue for the quarter was up 63.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 earnings per share. On average, analysts anticipate that Omnicom Group Inc. will post 10.35 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.6%. Omnicom Group's dividend payout ratio is presently 275.86%.

Omnicom Group Profile

Omnicom Group Inc NYSE: OMC is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company's primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.

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