Kesler Norman & Wride LLC Purchases 9,044 Shares of Omnicom Group Inc. $OMC

Kesler Norman & Wride LLC grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 79.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,493 shares of the business services provider’s stock after buying an additional 9,044 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Omnicom Group were worth $1,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management grew its stake in shares of Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after buying an additional 296 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Omnicom Group during the fourth quarter worth $26,000. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group during the fourth quarter worth $26,000. Cornerstone Planning Group LLC grew its stake in shares of Omnicom Group by 2,126.7% during the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after buying an additional 319 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID grew its stake in shares of Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after buying an additional 176 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $75.16 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $87.17. The stock has a market cap of $21.42 billion, a price-to-earnings ratio of 192.72, a P/E/G ratio of 0.46 and a beta of 0.63. The company’s fifty day moving average is $75.49 and its 200 day moving average is $76.54.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Omnicom Group’s revenue for the quarter was up 69.2% on a year-over-year basis. Sell-side analysts forecast that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 38.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.3%. Omnicom Group’s payout ratio is currently 820.51%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OMC shares. Argus raised shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Barclays boosted their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. UBS Group boosted their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $99.00.

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.