Semmax Financial Advisors Inc. Buys 4,920 Shares of Omnicom Group Inc. $OMC

Key Points

• Semmax Financial Advisors Inc. increased its stake in Omnicom Group Inc. by 12.8%, owning 43,261 shares worth approximately $3.29 million as of the latest SEC filing.
• Analyst ratings for Omnicom Group are mixed, with four ratings for Buy and four for Hold, while the consensus target price is set at $94.43.
• Omnicom Group declared a quarterly dividend of $0.70 per share, which will be paid on October 10th, representing a 3.5% dividend yield.

Semmax Financial Advisors Inc. increased its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,261 shares of the business services provider's stock after buying an additional 4,920 shares during the period. Semmax Financial Advisors Inc.'s holdings in Omnicom Group were worth $3,286,000 at the end of the most recent quarter.

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

Omnicom Group Stock Performance

Shares of NYSE OMC traded down $0.70 during mid-day trading on Friday, reaching $77.14. 3,292,519 shares of the company were exchanged, compared to its average volume of 3,022,477. The stock has a market capitalization of $14.94 billion, a P/E ratio of 11.07, a P/E/G ratio of 1.54 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The company's 50-day simple moving average is $75.31 and its 200-day simple moving average is $75.61. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00.

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

Omnicom Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OMC shares. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a research note on Monday, June 23rd. Barclays lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, Wells Fargo & Company cut their price objective on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $94.43.

Omnicom Group Company 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.