Omnicom Group Inc. $OMC Shares Purchased by Monte Financial Group LLC

Monte Financial Group LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 16.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,868 shares of the business services provider’s stock after buying an additional 11,254 shares during the quarter. Omnicom Group comprises approximately 2.3% of Monte Financial Group LLC’s portfolio, making the stock its 13th biggest holding. Monte Financial Group LLC’s holdings in Omnicom Group were worth $6,349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. LBP AM SA increased its position in Omnicom Group by 9.9% during the third quarter. LBP AM SA now owns 120,477 shares of the business services provider’s stock worth $9,822,000 after purchasing an additional 10,819 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Omnicom Group by 64.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 54,369 shares of the business services provider’s stock valued at $4,433,000 after buying an additional 21,265 shares during the period. MBM Wealth Consultants LLC grew its stake in shares of Omnicom Group by 7.9% during the 3rd quarter. MBM Wealth Consultants LLC now owns 4,656 shares of the business services provider’s stock valued at $380,000 after buying an additional 340 shares during the period. FSB Premier Wealth Management Inc. increased its holdings in shares of Omnicom Group by 58.5% during the 3rd quarter. FSB Premier Wealth Management Inc. now owns 14,515 shares of the business services provider’s stock worth $1,183,000 after buying an additional 5,358 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in Omnicom Group by 156.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 27,680 shares of the business services provider’s stock valued at $2,257,000 after acquiring an additional 16,866 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

OMC has been the subject of several research reports. Barclays boosted their price objective on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Bank of America reiterated an “underperform” rating and issued a $77.00 price objective (down previously from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Morgan Stanley initiated coverage on Omnicom Group in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price on the stock. UBS Group lifted their target price on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Thursday. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Omnicom Group has an average rating of “Hold” and a consensus price target of $92.14.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $79.81 on Monday. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 1.33 and a beta of 0.74. The business has a 50 day simple moving average of $77.26 and a 200-day simple moving average of $76.45. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $89.35.

Omnicom Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is currently 47.27%.

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.