SGL Investment Advisors Inc. Purchases New Shares in Omnicom Group Inc. $OMC

Key Points

• SGL Investment Advisors purchased 38,620 Omnicom Group shares during the second quarter, valued at approximately $3.27 million. Institutional investors collectively own 91.97% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $99.00; targets range from $83 to $146.
• Omnicom reported quarterly revenue of $6.56 billion, exceeding estimates, though adjusted earnings of $2.65 per share narrowly missed expectations. The company declared a quarterly dividend of $0.80 per share, representing a 3.7% annualized yield.

SGL Investment Advisors Inc. purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,620 shares of the business services provider's stock, valued at approximately $3,269,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wakefield Asset Management LLLP lifted its holdings in Omnicom Group by 2.6% during the fourth quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider's stock worth $477,000 after acquiring an additional 149 shares during the period. Caldwell Trust Co increased its position in shares of Omnicom Group by 29.0% during the 1st quarter. Caldwell Trust Co now owns 662 shares of the business services provider's stock valued at $50,000 after purchasing an additional 149 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Omnicom Group by 39.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider's stock worth $41,000 after purchasing an additional 153 shares during the period. Blake Schutter Theil Wealth Advisors LLC raised its stake in shares of Omnicom Group by 3.5% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider's stock worth $395,000 after purchasing an additional 167 shares during the period. Finally, Binnacle Investments Inc boosted its holdings in shares of Omnicom Group by 17.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider's stock worth $81,000 after buying an additional 169 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on OMC shares. Morgan Stanley raised their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an "equal weight" rating in a report on Friday, May 1st. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a "neutral" rating and a $89.00 price objective for the company. Zacks Research downgraded shares of Omnicom Group from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. Weiss Ratings raised Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They issued a "buy" rating and a $146.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $99.00.

Omnicom Group Stock Performance

Shares of OMC opened at $87.02 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $88.55. The firm has a market capitalization of $23.87 billion, a PE ratio of 75.02, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64. The company has a 50-day simple moving average of $80.11 and a two-hundred day simple moving average of $77.50.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data 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 during 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 revenue for the quarter was up 63.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 EPS. On average, analysts anticipate that Omnicom Group Inc. will post 10.35 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group's dividend payout ratio (DPR) is 275.86%.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source