Omnicom Group Inc. $OMC Shares Purchased by National Pension Service

National Pension Service boosted its position in Omnicom Group Inc. (NYSE:OMC) by 527.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 697,249 shares of the business services provider’s stock after acquiring an additional 586,088 shares during the quarter. National Pension Service’s holdings in Omnicom Group were worth $56,303,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management increased its position in shares of Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Omnicom Group in the 4th quarter worth about $26,000. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group in the 4th quarter worth about $26,000. Cornerstone Planning Group LLC increased its position in shares of Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after purchasing an additional 319 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID increased its position in shares of Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Argus raised shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. UBS Group boosted their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Citigroup dropped their target price 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. Finally, Rothschild & Co Redburn began coverage on shares of Omnicom Group in a research report on Thursday. They set a “neutral” rating and a $89.00 price objective for the company. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Hold” and an average target price of $93.13.

Omnicom Group Stock Down 1.7%

OMC stock opened at $72.82 on Friday. 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 $20.75 billion, a PE ratio of 186.72, a P/E/G ratio of 0.44 and a beta of 0.66. The firm has a 50 day simple moving average of $75.48 and a 200 day simple moving average of $76.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating 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 business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the business earned $1.70 earnings per share. The business’s quarterly revenue was up 69.2% on a year-over-year basis. Equities research analysts forecast that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

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

Omnicom Group Announces Dividend

The firm 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 dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a yield of 4.4%. Omnicom Group’s dividend payout ratio is currently 820.51%.

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.