Slotnik Capital LLC Invests $2.61 Million in Omnicom Group Inc. $OMC

Key Points

• Slotnik Capital LLC has invested approximately $2.61 million in Omnicom Group Inc., acquiring 31,476 shares, making it the firm's 14th largest holding.
• Omnicom Group reported quarterly earnings of $2.05 per share, exceeding analysts' expectations, alongside revenues of $4.02 billion, which also surpassed predictions.
• The company declared a quarterly dividend of $0.70 per share, reflecting an annual yield of 3.5%, with payment set for October 10th.

Slotnik Capital LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 31,476 shares of the business services provider's stock, valued at approximately $2,610,000. Omnicom Group comprises approximately 1.3% of Slotnik Capital LLC's investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OMC. Zions Bancorporation National Association UT acquired a new stake in shares of Omnicom Group in the first quarter valued at about $34,000. Gen Wealth Partners Inc purchased a new stake in Omnicom Group during the 1st quarter valued at about $36,000. Versant Capital Management Inc grew its stake in Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after acquiring an additional 143 shares in the last quarter. CoreCap Advisors LLC raised its holdings in Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after acquiring an additional 404 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock worth $41,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Down 0.5%

Shares of NYSE:OMC opened at $79.00 on Tuesday. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.58 and a beta of 0.97. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00. The business has a 50-day moving average price of $75.10 and a 200 day moving average price of $75.68. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. The business had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business earned $1.95 earnings per share. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's dividend payout ratio is 40.17%.

Analyst Ratings Changes

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

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