Mutual Advisors LLC Buys 13,328 Shares of Omnicom Group Inc. $OMC

Key Points

• Mutual Advisors LLC raised its stake in Omnicom by 138.3%, buying 13,328 shares to own 22,965 shares valued at $1.854 million at the end of the quarter.
• Omnicom's board authorized a $5.0 billion stock buyback (up to 38.1% of shares) and paid a quarterly dividend of $0.80 (annualized $3.20, ~4.2% yield), with a reported dividend payout ratio of 820.51%.
• Omnicom beat estimates in its latest quarter with EPS of $1.90 versus $1.84 and revenue of $6.24 billion versus $5.85 billion (revenue up 69.2% YoY); analysts' consensus is a "Hold" with an average price target of $93.71.

Mutual Advisors LLC raised its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 138.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,965 shares of the business services provider's stock after buying an additional 13,328 shares during the period. Mutual Advisors LLC's holdings in Omnicom Group were worth $1,854,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OMC. EverSource Wealth Advisors LLC increased its holdings in shares of Omnicom Group by 82.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider's stock worth $138,000 after buying an additional 869 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Omnicom Group in the 2nd quarter worth $241,000. Gabelli Funds LLC bought a new position in shares of Omnicom Group in the 2nd quarter worth $1,061,000. Daiwa Securities Group Inc. increased its holdings in shares of Omnicom Group by 5.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider's stock worth $2,113,000 after buying an additional 1,482 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Omnicom Group by 14.1% in the 2nd quarter. Sei Investments Co. now owns 361,266 shares of the business services provider's stock valued at $25,990,000 after purchasing an additional 44,746 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Up 0.1%

NYSE:OMC opened at $77.02 on Monday. The company has a 50-day moving average price of $78.37 and a 200-day moving average price of $76.80. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a market cap of $21.95 billion, a price-to-earnings ratio of 197.49, a P/E/G ratio of 0.60 and a beta of 0.66.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The firm had revenue of $6.24 billion during the quarter, compared to analysts' expectations of $5.85 billion. During the same period last year, the company posted $1.70 EPS. The company's quarterly revenue was up 69.2% compared to the same quarter last year. Equities analysts predict that Omnicom Group Inc. will post 10.77 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is currently 820.51%.

Omnicom Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the business services provider to repurchase up to 38.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Barclays upped their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the company an "equal weight" rating in a research note on Monday, February 23rd. Citigroup cut their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a "buy" rating for the company in a research note on Thursday. UBS Group upped their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Finally, Morgan Stanley upped their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company an "equal weight" rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Omnicom Group presently has an average rating of "Hold" and an average price target of $93.71.

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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