Omnicom Group Inc. $OMC Position Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 99.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,462 shares of the business services provider’s stock after buying an additional 10,187 shares during the period. Sequoia Financial Advisors LLC’s holdings in Omnicom Group were worth $1,652,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted its position in shares of Omnicom Group by 2.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,330 shares of the business services provider’s stock valued at $598,000 after acquiring an additional 145 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. lifted its position in shares of Omnicom Group by 4.1% in the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 147 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Omnicom Group by 7.9% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock valued at $166,000 after acquiring an additional 149 shares in the last quarter. Impact Partnership Wealth LLC lifted its position in shares of Omnicom Group by 3.1% in the 3rd quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider’s stock valued at $401,000 after acquiring an additional 150 shares in the last quarter. Finally, Hartford Financial Management Inc. lifted its position in shares of Omnicom Group by 27.0% in the 4th quarter. Hartford Financial Management Inc. now owns 762 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC opened at $75.18 on Tuesday. The company’s fifty day moving average is $77.77 and its 200-day moving average is $76.75. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 192.78, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. 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 (NYSE:OMC) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS 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 analyst estimates of $5.85 billion. During the same quarter in the prior year, the business posted $1.70 EPS. Omnicom Group’s quarterly revenue was up 69.2% on a year-over-year basis. Equities analysts expect that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group declared that its board has initiated a share repurchase plan on Wednesday, February 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 38.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Omnicom Group Announces Dividend

The company also recently announced 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 is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is presently 820.51%.

Analyst Upgrades and Downgrades

OMC has been the subject of several research analyst reports. UBS Group upped their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Argus upgraded shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Citigroup reduced their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Barclays upped their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Four investment 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, the stock presently has a consensus rating of “Hold” and an average price target of $93.71.

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.