Vanguard Group Inc. Has $3.14 Billion Stock Position in Omnicom Group Inc. $OMC

Vanguard Group Inc. boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 64.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,934,118 shares of the business services provider’s stock after buying an additional 15,220,444 shares during the period. Vanguard Group Inc. owned approximately 0.20% of Omnicom Group worth $3,143,930,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Resonant Capital Advisors LLC raised its position in Omnicom Group by 13.1% during the fourth quarter. Resonant Capital Advisors LLC now owns 7,942 shares of the business services provider’s stock valued at $647,000 after buying an additional 917 shares during the period. Concurrent Investment Advisors LLC raised its position in Omnicom Group by 75.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 8,937 shares of the business services provider’s stock valued at $722,000 after buying an additional 3,849 shares during the period. ProVise Management Group LLC raised its position in Omnicom Group by 5.5% during the fourth quarter. ProVise Management Group LLC now owns 139,716 shares of the business services provider’s stock valued at $11,282,000 after buying an additional 7,286 shares during the period. NBC Securities Inc. raised its position in Omnicom Group by 48.2% during the fourth quarter. NBC Securities Inc. now owns 5,101 shares of the business services provider’s stock valued at $412,000 after buying an additional 1,659 shares during the period. Finally, Arizona State Retirement System raised its position in Omnicom Group by 52.4% during the fourth quarter. Arizona State Retirement System now owns 87,653 shares of the business services provider’s stock valued at $7,078,000 after buying an additional 30,127 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OMC has been the topic of several recent analyst reports. Argus raised Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. UBS Group upped their target price on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Barclays upped their target price on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, Bank of America reaffirmed an “underperform” rating and issued a $77.00 target price (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Hold” and a consensus target price of $95.86.

Omnicom Group Trading Up 1.2%

OMC stock opened at $76.92 on Wednesday. The business has a fifty day moving average price of $78.34 and a 200 day moving average price of $76.82. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of 156.98, a P/E/G ratio of 0.58 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $5.61 billion. During the same period last year, the firm posted $1.70 EPS. The business’s revenue was up 69.2% on a year-over-year basis. Analysts expect that Omnicom Group Inc. will post 10.92 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is 653.06%.

Omnicom Group announced that its board has approved a stock buyback plan on Wednesday, February 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the business services provider to purchase up to 38.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Omnicom Group Company Profile

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.