Fieldview Capital Management LLC Makes New $3.63 Million Investment in Omnicom Group Inc. $OMC

Key Points

• Fieldview Capital acquired a new position of 44,572 Omnicom shares in the third quarter, valued at about $3.63 million.
• Omnicom's board authorized a $5.0 billion share repurchase (up to 38.1% of outstanding shares) and declared a quarterly dividend of $0.80 per share (annualized $3.20, ~3.8% yield).
• In the most recent quarter Omnicom reported $2.59 EPS versus $2.94 expected while revenue rose 27.9% year-over-year; analysts' consensus is a Hold rating with a $95 target amid mixed buy/hold/sell opinions.

Fieldview Capital Management LLC acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 44,572 shares of the business services provider's stock, valued at approximately $3,634,000.

A number of other hedge funds have also made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its holdings in Omnicom Group by 15.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 108,310 shares of the business services provider's stock worth $8,831,000 after purchasing an additional 14,368 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Omnicom Group by 18.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,877,462 shares of the business services provider's stock worth $153,068,000 after buying an additional 295,379 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in shares of Omnicom Group in the 3rd quarter valued at $870,000. National Pension Service grew its position in shares of Omnicom Group by 35.3% in the 3rd quarter. National Pension Service now owns 111,161 shares of the business services provider's stock valued at $9,063,000 after buying an additional 29,014 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in shares of Omnicom Group in the 3rd quarter valued at $5,888,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the company an "equal weight" rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Morgan Stanley initiated coverage on Omnicom Group in a report on Tuesday, December 16th. They issued an "equal weight" rating and a $88.00 target price for the company. Citigroup upped their target price on Omnicom Group from $103.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Finally, UBS Group lifted their price target on Omnicom Group from $99.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Omnicom Group presently has a consensus rating of "Hold" and a consensus target price of $95.00.

Omnicom Group Trading Up 0.2%

Shares of Omnicom Group stock opened at $84.90 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93. The company has a market capitalization of $26.35 billion, a P/E ratio of 173.27, a PEG ratio of 0.81 and a beta of 0.71. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $89.27. The company's fifty day moving average is $77.83 and its two-hundred day moving average is $77.05.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing analysts' consensus estimates of $2.94 by ($0.35). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. During the same quarter in the previous year, the firm earned $2.41 earnings per share. The firm's quarterly revenue was up 27.9% on a year-over-year basis. Analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 annualized dividend and a yield of 3.8%. Omnicom Group's dividend payout ratio is currently 653.06%.

Omnicom Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 18th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 38.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

Omnicom Group Company 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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