Kesler Norman & Wride LLC Has $1.31 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Kesler Norman & Wride LLC grew its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 37.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,762 shares of the business services provider's stock after purchasing an additional 4,313 shares during the quarter. Kesler Norman & Wride LLC's holdings in Omnicom Group were worth $1,307,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Versant Capital Management Inc raised its position in shares of Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after purchasing an additional 143 shares during the period. MGO One Seven LLC raised its position in shares of Omnicom Group by 3.2% in the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock valued at $437,000 after purchasing an additional 157 shares during the period. Mezzasalma Advisors LLC raised its position in shares of Omnicom Group by 3.1% in the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock valued at $443,000 after purchasing an additional 159 shares during the period. Linden Thomas Advisory Services LLC raised its position in shares of Omnicom Group by 0.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider's stock valued at $1,834,000 after purchasing an additional 165 shares during the period. Finally, Center for Financial Planning Inc. raised its position in shares of Omnicom Group by 2.2% in the first quarter. Center for Financial Planning Inc. now owns 9,168 shares of the business services provider's stock valued at $760,000 after purchasing an additional 197 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

Omnicom Group stock traded down $0.64 during trading hours on Friday, reaching $72.79. 3,599,327 shares of the stock were exchanged, compared to its average volume of 2,667,407. The company has a market cap of $14.20 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 1.62 and a beta of 0.92. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 1.24. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The stock has a 50 day moving average of $73.29 and a two-hundred day moving average of $78.53.

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

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th were paid a $0.70 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.85%. Omnicom Group's payout ratio is currently 38.30%.

Analyst Ratings Changes

OMC has been the topic of a number of recent research reports. Citigroup reaffirmed a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a research report on Monday, June 23rd. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock 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, JPMorgan Chase & Co. reduced their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $95.29.

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.