PFA Pension Forsikringsaktieselskab Invests $53.35 Million in Omnicom Group Inc. $OMC

Key Points

• PFA Pension Forsikringsaktieselskab acquired a new stake of 660,780 shares in Omnicom, valued at about $53.35 million, representing roughly 0.34% of the company.
• Omnicom announced a $5.0 billion share repurchase program (up to 38.1% of shares), paid a quarterly dividend that annualizes to a 4.2% yield, and reported quarterly EPS of $1.90 with revenue of $6.24 billion, both topping estimates.

PFA Pension Forsikringsaktieselskab purchased a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 660,780 shares of the business services provider's stock, valued at approximately $53,345,000. PFA Pension Forsikringsaktieselskab owned 0.34% of Omnicom Group as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management raised its position in Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider's stock worth $25,000 after acquiring an additional 296 shares during the period. Bayforest Capital Ltd acquired a new position in Omnicom Group during the fourth quarter worth $26,000. Cornerstone Planning Group LLC raised its position in Omnicom Group by 2,126.7% during the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider's stock worth $27,000 after acquiring an additional 319 shares during the period. Meeder Asset Management Inc. raised its position in Omnicom Group by 289.4% during the third quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider's stock worth $30,000 after acquiring an additional 272 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in Omnicom Group during the fourth quarter worth $32,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Monday, February 23rd. Bank of America reissued an "underperform" rating and issued a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. UBS Group increased their price objective on Omnicom Group from $108.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, March 20th. Morgan Stanley increased their price objective on Omnicom Group from $82.00 to $83.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Argus raised Omnicom Group to a "hold" rating in a research note on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Omnicom Group has an average rating of "Hold" and a consensus price target of $93.71.

Omnicom Group Stock Up 0.4%

Shares of OMC opened at $77.02 on Friday. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company has a market capitalization of $21.95 billion, a PE ratio of 197.49, a price-to-earnings-growth ratio of 0.59 and a beta of 0.66. The stock has a fifty day simple moving average of $78.37 and a two-hundred day simple moving average of $76.81. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

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

Omnicom Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 38.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Omnicom Group Dividend Announcement

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

About Omnicom Group

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.

Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.