Sanctuary Advisors LLC Purchases New Holdings in Omnicom Group Inc. $OMC

Key Points

• Sanctuary Advisors acquired 37,794 Omnicom shares worth approximately $2.75 million in the second quarter. Institutional investors collectively own nearly 92% of the company, with several major firms also increasing or initiating positions.
• Omnicom reported quarterly revenue of $6.56 billion, beating estimates, while earnings per share of $2.65 narrowly missed expectations. Revenue increased 63.4% year over year.
• The company declared a quarterly dividend of $0.80 per share, representing a $3.20 annualized payout and a 3.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $99.

Sanctuary Advisors LLC acquired a new position in Omnicom Group Inc. (NYSE:OMC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,794 shares of the business services provider's stock, valued at approximately $2,753,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Omnicom Group during the 2nd quarter worth approximately $2,082,476,000. Vanguard Group Inc. boosted its holdings in Omnicom Group by 64.2% during the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider's stock valued at $3,143,930,000 after acquiring an additional 15,220,444 shares during the period. Bank of New York Mellon Corp bought a new position in Omnicom Group in the 2nd quarter valued at $914,156,000. State Street Corp increased its stake in Omnicom Group by 40.4% in the fourth 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 during the period. Finally, Wellington Management Group LLP increased its stake in Omnicom Group by 522.9% in the fourth quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider's stock worth $419,858,000 after purchasing an additional 4,364,797 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Down 0.8%

Shares of NYSE OMC opened at $88.23 on Wednesday. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $89.57. The firm has a market cap of $24.21 billion, a PE ratio of 76.06, a price-to-earnings-growth ratio of 0.59 and a beta of 0.64. The business has a fifty day simple moving average of $80.81 and a two-hundred day simple moving average of $77.86. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

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

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 18th. Omnicom Group's dividend payout ratio is presently 275.86%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of Omnicom Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of Omnicom Group from a "hold (c-)" rating to a "hold (c)" 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 objective for the company. Citigroup lowered their price objective on shares of Omnicom Group from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, Morgan Stanley upped their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the stock 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 given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $99.00.

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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