MBB Public Markets I LLC Acquires Shares of 3,908 Omnicom Group Inc. $OMC

Key Points

• MBB Public Markets I LLC acquired 3,908 shares of Omnicom Group Inc. valued at approximately $324,000 in the 1st quarter, among several other institutional investors also adjusting their positions.
• Analysts have mixed views on Omnicom Group, with Bank of America upgrading to a "neutral" rating while others have lowered price targets, creating a consensus rating of "Moderate Buy" with a price target of $94.43.
• Omnicom Group reported quarterly earnings of $2.05 EPS, surpassing expectations, and recently declared a quarterly dividend of $0.70 per share, yielding 3.5%.

MBB Public Markets I LLC bought a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,908 shares of the business services provider's stock, valued at approximately $324,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Omnicom Group by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider's stock worth $1,945,629,000 after buying an additional 424,936 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Omnicom Group by 20.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock worth $595,147,000 after buying an additional 1,205,165 shares during the last quarter. Boston Partners raised its position in Omnicom Group by 18.5% in the 1st quarter. Boston Partners now owns 4,882,041 shares of the business services provider's stock worth $402,598,000 after buying an additional 762,871 shares during the last quarter. Baird Financial Group Inc. raised its position in Omnicom Group by 44.5% in the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider's stock worth $323,040,000 after buying an additional 1,199,725 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Omnicom Group by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,259,431 shares of the business services provider's stock worth $270,235,000 after buying an additional 49,801 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

Shares of NYSE:OMC traded down $0.70 during mid-day trading on Friday, reaching $77.14. 3,292,519 shares of the company traded hands, compared to its average volume of 3,022,477. The company's 50 day moving average price is $75.31 and its 200-day moving average price is $75.61. The firm has a market cap of $14.94 billion, a PE ratio of 11.07, a PEG ratio of 1.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week 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. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the company posted $1.95 EPS. The firm's revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's dividend payout ratio (DPR) is 40.17%.

Wall Street Analyst Weigh In

OMC has been the subject of several research reports. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a research report on Monday, June 23rd. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 16th. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Finally, Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.