Total Wealth Planning & Management Inc. Invests $938,000 in Omnicom Group Inc. (NYSE:OMC)

Total Wealth Planning & Management Inc. purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,899 shares of the business services provider's stock, valued at approximately $938,000. Omnicom Group accounts for about 0.9% of Total Wealth Planning & Management Inc.'s holdings, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in shares of Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after buying an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Omnicom Group during the 4th quarter worth approximately $150,819,000. FMR LLC lifted its position in Omnicom Group by 250.1% during the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after acquiring an additional 1,436,231 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Omnicom Group by 91.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after acquiring an additional 1,027,567 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Omnicom Group in the fourth quarter worth $79,321,000. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OMC. UBS Group decreased their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Wells Fargo & Company decreased their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Barclays dropped their price target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Stock Performance

NYSE OMC traded down $0.72 during trading hours on Friday, reaching $73.39. The stock had a trading volume of 6,605,679 shares, compared to its average volume of 2,298,361. Omnicom Group Inc. has a 52-week low of $69.13 and a 52-week high of $107.00. The stock has a fifty day moving average of $75.51 and a 200 day moving average of $83.81. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market cap of $14.32 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. Sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.82%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's payout ratio is 38.30%.

About Omnicom Group

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.