Omnicom Group Inc. (NYSE:OMC) Shares Bought by HBW Advisory Services LLC

HBW Advisory Services LLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 18.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,100 shares of the business services provider's stock after buying an additional 5,822 shares during the period. HBW Advisory Services LLC's holdings in Omnicom Group were worth $3,076,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OMC. Venturi Wealth Management LLC increased its holdings in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares during the period. Johnson Financial Group Inc. lifted its stake in Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after acquiring an additional 200 shares during the period. Versant Capital Management Inc increased its stake 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 worth $38,000 after acquiring an additional 143 shares during the period. CoreCap Advisors LLC raised its holdings in shares of Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after purchasing an additional 404 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after purchasing an additional 323 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OMC has been the subject of a number of recent research reports. UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company decreased their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased 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 note on Wednesday, April 16th. Finally, Barclays dropped their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One equities 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Price Performance

Shares of OMC stock traded down $1.01 on Thursday, reaching $70.20. 2,415,952 shares of the company were exchanged, compared to its average volume of 2,327,874. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 1.94 and a beta of 0.93. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The business has a 50-day moving average price of $74.93 and a 200 day moving average price of $83.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend 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 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.