Polianta Ltd Makes New $1.76 Million Investment in Omnicom Group Inc. $OMC

Key Points

• Polianta Ltd. purchased 24,200 Omnicom Group shares during the second quarter, worth approximately $1.76 million. Institutional investors and hedge funds collectively own 91.97% of OMC.
• Analyst sentiment is mixed: Omnicom has an average “Hold” rating and a consensus price target of $99, compared with a recent share price of $85.23.
• Omnicom reported quarterly revenue of $6.56 billion, up 63.4% year over year, but earnings per share of $2.65 slightly missed estimates. The company also declared a quarterly dividend of $0.80 per share, representing a 3.8% annualized yield.

Polianta Ltd bought a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,200 shares of the business services provider's stock, valued at approximately $1,762,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Omnicom Group by 64.2% in the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider's stock valued at $3,143,930,000 after purchasing an additional 15,220,444 shares in the last quarter. State Street Corp raised its stake in shares of Omnicom Group by 40.4% during the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider's stock worth $1,933,891,000 after purchasing an additional 6,813,441 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Omnicom Group by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 12,098,191 shares of the business services provider's stock valued at $911,115,000 after buying an additional 814,328 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Omnicom Group by 57.1% in the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider's stock valued at $690,327,000 after buying an additional 3,117,188 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Omnicom Group by 5.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,870,437 shares of the business services provider's stock valued at $635,538,000 after buying an additional 433,461 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OMC. Citigroup cut their price objective on shares of Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group began coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a "buy" rating and a $146.00 target price for the company. Wells Fargo & Company increased their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a report on Thursday, May 28th. They set a "neutral" rating and a $89.00 price target on the stock. Finally, Morgan Stanley lifted 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, May 1st. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of "Hold" and a consensus price target of $99.00.

Omnicom Group Trading Up 3.3%

Omnicom Group stock opened at $85.23 on Friday. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $87.41. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. The firm has a market capitalization of $23.38 billion, a PE ratio of 73.48, a PEG ratio of 0.57 and a beta of 0.64. The business's 50-day simple moving average is $78.08 and its 200-day simple moving average is $76.99.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). The business had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.44 billion. Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. Omnicom Group's revenue for the quarter was up 63.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 EPS. Equities research analysts forecast that Omnicom Group Inc. will post 10.35 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a dividend of $0.80 per share. The ex-dividend date is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.8%. Omnicom Group's payout ratio is 275.86%.

Omnicom Group 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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