Candriam S.C.A. Purchases New Holdings in Omnicom Group Inc. $OMC

Candriam S.C.A. purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the 1st quarter, Holdings Channel.com reports. The firm purchased 17,274 shares of the business services provider’s stock, valued at approximately $1,301,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Omnicom Group by 64.2% in the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after buying an additional 15,220,444 shares during the period. State Street Corp increased its holdings in Omnicom Group by 40.4% during the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock valued at $1,933,891,000 after acquiring an additional 6,813,441 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Omnicom Group by 69.6% during the 4th quarter. Bank of New York Mellon Corp now owns 11,283,863 shares of the business services provider’s stock worth $911,172,000 after purchasing an additional 4,631,394 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Omnicom Group by 522.9% in the fourth quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider’s stock valued at $419,858,000 after acquiring an additional 4,364,797 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Omnicom Group by 57.1% in the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after purchasing an additional 3,117,188 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC opened at $80.79 on Wednesday. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $87.17. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of 207.17, a price-to-earnings-growth ratio of 0.49 and a beta of 0.63. The stock’s fifty day moving average is $75.47 and its 200-day moving average is $76.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The business’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 EPS. Equities analysts anticipate that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OMC shares. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. The Goldman Sachs Group started coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Argus raised Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Rothschild & Co Redburn began coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective for the company. Finally, 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. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $99.38.

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.