WCG Wealth Advisors LLC bought a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,206 shares of the business services provider's stock, valued at approximately $878,000.
A number of other hedge funds have also made changes to their positions in OMC. GTS Securities LLC increased its holdings in shares of Omnicom Group by 202.0% in the fourth quarter. GTS Securities LLC now owns 19,663 shares of the business services provider's stock valued at $1,692,000 after purchasing an additional 13,152 shares during the last quarter. Vise Technologies Inc. boosted its holdings in Omnicom Group by 85.4% in the fourth quarter. Vise Technologies Inc. now owns 8,638 shares of the business services provider's stock valued at $743,000 after purchasing an additional 3,980 shares during the period. Pinkerton Retirement Specialists LLC boosted its holdings in Omnicom Group by 4.0% in the fourth quarter. Pinkerton Retirement Specialists LLC now owns 47,607 shares of the business services provider's stock valued at $4,096,000 after purchasing an additional 1,824 shares during the period. Continuum Advisory LLC boosted its holdings in Omnicom Group by 7.2% in the fourth quarter. Continuum Advisory LLC now owns 4,250 shares of the business services provider's stock valued at $366,000 after purchasing an additional 285 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Omnicom Group by 17.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,444,296 shares of the business services provider's stock valued at $124,267,000 after buying an additional 216,635 shares in 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 $0.66 during midday trading on Thursday, reaching $73.40. 974,000 shares of the company were exchanged, compared to its average volume of 2,267,710. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The stock has a fifty day simple moving average of $75.75 and a 200 day simple moving average of $84.23. The stock has a market cap of $14.32 billion, a P/E ratio of 9.85, a PEG ratio of 1.94 and a beta of 0.95.
Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. On average, research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.
Omnicom Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio is currently 38.30%.
Analysts Set New Price Targets
A number of research firms have weighed in on OMC. JPMorgan Chase & Co. cut their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays cut 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. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Finally, Citigroup reiterated a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $101.29.
Check Out Our Latest Research Report on OMC
About Omnicom Group
(
Free Report)
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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