Omnicom Group Inc. $OMC Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Omnicom Group by 0.3%, holding 1,448,837 shares valued at approximately $120 million, indicating strong institutional interest.
• Omnicom Group reported earnings of $2.05 EPS for the latest quarter, exceeding estimates, with a revenue of $4.02 billion, up 4.2% year-over-year.
• The company declared a quarterly dividend of $0.70 per share, resulting in an annualized yield of 3.6%, with a payout ratio of 40.17%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,448,837 shares of the business services provider's stock after purchasing an additional 4,541 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.74% of Omnicom Group worth $120,123,000 as of its most recent SEC filing.

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

Omnicom Group Stock Down 0.9%

Shares of OMC opened at $77.14 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.54 and a beta of 0.97. The stock has a 50 day moving average price of $75.31 and a 200 day moving average price of $75.61.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The firm had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the previous year, the business earned $1.95 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's payout ratio is presently 40.17%.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of analyst reports. Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Wells Fargo & Company decreased their price target on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a report on Wednesday, July 16th. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. decreased their price target on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $94.43.

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.

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