Monte Financial Group LLC Raises Stake in Omnicom Group Inc. (NYSE:OMC)

Monte Financial Group LLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 12.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,463 shares of the business services provider's stock after purchasing an additional 7,136 shares during the quarter. Omnicom Group comprises about 2.2% of Monte Financial Group LLC's investment portfolio, making the stock its 22nd largest position. Monte Financial Group LLC's holdings in Omnicom Group were worth $5,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in OMC. Meriwether Wealth & Planning LLC grew its position in Omnicom Group by 17.5% during the first quarter. Meriwether Wealth & Planning LLC now owns 6,418 shares of the business services provider's stock worth $532,000 after buying an additional 957 shares during the period. Blue Trust Inc. boosted its stake in shares of Omnicom Group by 22.0% during the 1st quarter. Blue Trust Inc. now owns 2,289 shares of the business services provider's stock worth $190,000 after acquiring an additional 413 shares in the last quarter. Centennial Wealth Advisory LLC grew its holdings in shares of Omnicom Group by 20.5% in the 1st quarter. Centennial Wealth Advisory LLC now owns 6,054 shares of the business services provider's stock worth $502,000 after acquiring an additional 1,032 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Omnicom Group by 1.8% in the 1st quarter. State of Alaska Department of Revenue now owns 42,519 shares of the business services provider's stock worth $3,524,000 after acquiring an additional 770 shares during the period. Finally, LifeWealth Investments LLC purchased a new position in Omnicom Group in the 1st quarter valued at approximately $324,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on OMC shares. Barclays decreased their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Citigroup reissued a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. UBS Group lowered their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Finally, Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Stock Performance

Shares of OMC opened at $70.13 on Friday. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00. The company's 50 day simple moving average is $73.82 and its 200 day simple moving average is $80.53. The company has a market capitalization of $13.68 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.67 and a beta of 0.93. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 1.01.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. On average, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

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.

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