Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 80.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,040 shares of the business services provider's stock after purchasing an additional 11,149 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Omnicom Group were worth $2,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OMC. Vanguard Group Inc. lifted its holdings in Omnicom Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock valued at $1,982,518,000 after acquiring an additional 99,424 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Omnicom Group by 50.1% in 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 purchasing an additional 1,992,695 shares during the period. Geode Capital Management LLC lifted its stake in shares of Omnicom Group by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock valued at $442,453,000 after purchasing an additional 51,148 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Omnicom Group by 23.8% during the 4th quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock worth $334,076,000 after purchasing an additional 747,575 shares during the period. Finally, Beutel Goodman & Co Ltd. grew its holdings in shares of Omnicom Group by 7.1% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider's stock worth $292,698,000 after purchasing an additional 224,870 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.1%

Shares of Omnicom Group stock traded down $0.07 during trading hours on Monday, reaching $71.29. 107,572 shares of the company were exchanged, compared to its average volume of 3,475,429. The firm has a market cap of $13.91 billion, a PE ratio of 9.75, a PEG ratio of 1.57 and a beta of 0.93. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 1.01. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00. The stock's fifty day moving average is $73.55 and its 200 day moving average is $79.42.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.93%. Omnicom Group's payout ratio is 38.30%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research report on Monday, June 23rd. Citigroup reiterated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. Wells Fargo & Company decreased their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. cut their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group lowered their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $96.43.

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.