Callan Family Office LLC Purchases Shares of 9,377 Omnicom Group Inc. $OMC

Callan Family Office LLC purchased a new stake in Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,377 shares of the business services provider’s stock, valued at approximately $683,000.

Several other large investors have also recently made changes to their positions in OMC. Resona Asset Management Co. Ltd. increased its stake in Omnicom Group by 55.4% during the fourth quarter. Resona Asset Management Co. Ltd. now owns 98,842 shares of the business services provider’s stock worth $7,976,000 after purchasing an additional 35,247 shares during the period. Generali Asset Management SPA SGR boosted its stake in shares of Omnicom Group by 346.0% in the fourth quarter. Generali Asset Management SPA SGR now owns 20,580 shares of the business services provider’s stock valued at $1,662,000 after purchasing an additional 15,966 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Omnicom Group by 70.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 674,065 shares of the business services provider’s stock valued at $54,815,000 after purchasing an additional 277,665 shares in the last quarter. Orca Investment Management LLC purchased a new stake in Omnicom Group during the 2nd quarter worth approximately $2,023,000. Finally, Gamco Investors INC. ET AL increased its stake in Omnicom Group by 6,819.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 214,222 shares of the business services provider’s stock worth $17,298,000 after buying an additional 211,126 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on OMC. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Wells Fargo & Company upped their price objective on Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. The Goldman Sachs Group initiated coverage on Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective on the stock. Rothschild & Co Redburn assumed coverage on Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price for the company. Finally, Zacks Research cut Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $99.00.

Omnicom Group Stock Down 0.8%

Shares of NYSE:OMC opened at $88.23 on Wednesday. The firm’s 50 day moving average price is $80.81 and its 200 day moving average price is $77.86. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of 76.06, a price-to-earnings-growth ratio of 0.59 and a beta of 0.64. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $89.57. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The firm had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. The firm’s revenue was up 63.4% compared to the same quarter last year. As a group, equities research analysts predict that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s payout ratio is 275.86%.

Omnicom Group 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.