Weatherstone Capital Management Acquires Shares of 2,359 Omnicom Group Inc. (OMC)

Weatherstone Capital Management purchased a new position in Omnicom Group Inc. (NYSE:OMC) during the first quarter, Holdings Channel reports. The institutional investor purchased 2,359 shares of the business services provider’s stock, valued at approximately $203,000.

Several other institutional investors have also modified their holdings of the company. KDI Capital Partners LLC increased its position in Omnicom Group by 52.9% in the first quarter. KDI Capital Partners LLC now owns 68,816 shares of the business services provider’s stock valued at $5,933,000 after buying an additional 23,822 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Omnicom Group by 0.6% in the first quarter. TIAA CREF Investment Management LLC now owns 563,642 shares of the business services provider’s stock valued at $48,592,000 after buying an additional 3,577 shares during the last quarter. Teachers Advisors LLC increased its position in Omnicom Group by 3.7% in the first quarter. Teachers Advisors LLC now owns 403,378 shares of the business services provider’s stock valued at $34,775,000 after buying an additional 14,442 shares during the last quarter. Homrich & Berg increased its position in Omnicom Group by 14.6% in the first quarter. Homrich & Berg now owns 7,398 shares of the business services provider’s stock valued at $638,000 after buying an additional 940 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Omnicom Group by 8.9% in the first quarter. Principal Financial Group Inc. now owns 630,499 shares of the business services provider’s stock valued at $54,355,000 after buying an additional 51,595 shares during the last quarter. 97.50% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

Shares of Omnicom Group Inc. (OMC) traded down 0.92% during midday trading on Tuesday, reaching $82.90. The company’s stock had a trading volume of 546,775 shares. The company has a 50 day moving average of $83.00 and a 200-day moving average of $84.73. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 16.90 and a beta of 1.25. Omnicom Group Inc. has a 52 week low of $75.61 and a 52 week high of $89.66.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, April 18th. The business services provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.01. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.55 billion. Omnicom Group had a net margin of 7.54% and a return on equity of 42.34%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. Equities research analysts predict that Omnicom Group Inc. will post $5.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Wednesday, June 14th will be given a $0.55 dividend. The ex-dividend date of this dividend is Monday, June 12th. This represents a $2.20 dividend on an annualized basis and a yield of 2.63%. Omnicom Group’s payout ratio is currently 44.81%.

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OMC has been the topic of several research reports. Atlantic Securities downgraded Omnicom Group from a “neutral” rating to an “underweight” rating and set a $79.00 target price on the stock. in a research report on Wednesday, February 22nd. Bank of America Corporation initiated coverage on Omnicom Group in a research report on Thursday, March 2nd. They issued a “neutral” rating and a $91.00 target price on the stock. Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. Royal Bank Of Canada raised Omnicom Group from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $87.00 to $101.00 in a research report on Wednesday, March 8th. Finally, Evercore ISI initiated coverage on Omnicom Group in a research report on Monday, April 17th. They issued an “in-line” rating and a $91.00 target price on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.23.

In related news, Chairman Bruce Crawford sold 22,800 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $84.91, for a total value of $1,935,948.00. Following the completion of the sale, the chairman now owns 105,250 shares in the company, valued at $8,936,777.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Leonard S. Coleman, Jr. sold 2,038 shares of the firm’s stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $83.93, for a total transaction of $171,049.34. Following the completion of the sale, the director now owns 24,853 shares of the company’s stock, valued at approximately $2,085,912.29. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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