Kentucky Retirement Systems Purchases 9,112 Shares of Omnicom Group Inc. $OMC

Kentucky Retirement Systems increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 75.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 21,248 shares of the business services provider’s stock after acquiring an additional 9,112 shares during the quarter. Kentucky Retirement Systems’ holdings in Omnicom Group were worth $1,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMC. Kentucky Retirement Systems Insurance Trust Fund grew its stake in Omnicom Group by 65.9% in the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,440 shares of the business services provider’s stock valued at $636,000 after acquiring an additional 3,353 shares during the period. Centaurus Financial Inc. increased its holdings in shares of Omnicom Group by 14.6% in the first quarter. Centaurus Financial Inc. now owns 3,100 shares of the business services provider’s stock worth $233,000 after acquiring an additional 395 shares in the last quarter. Bull Harbor Capital LLC acquired a new stake in shares of Omnicom Group during the first quarter worth about $888,000. Strategic Investment Advisors MI raised its position in shares of Omnicom Group by 5.7% during the first quarter. Strategic Investment Advisors MI now owns 12,732 shares of the business services provider’s stock worth $959,000 after purchasing an additional 686 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Omnicom Group by 12.6% during the 1st quarter. Arkadios Wealth Advisors now owns 7,373 shares of the business services provider’s stock valued at $555,000 after purchasing an additional 827 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group News Roundup

Here are the key news stories impacting Omnicom Group this week:

• Positive Sentiment: Wells Fargo raised its price target for Omnicom Group to $93 from $91 and maintained an “overweight” rating, citing potential upside from the company’s operating outlook. Wells Fargo price-target update
• Positive Sentiment: Citigroup lowered its target to $100 from $105 but retained a “buy” rating. The reduced target still implies substantial upside and suggests analysts view the recent weakness as an opportunity rather than a fundamental break in the investment case. Citigroup price-target update
• Positive Sentiment: Analysts highlighted Omnicom’s data and analytics investments, integrated media capabilities and merger-related cost synergies as potential drivers of longer-term revenue growth and profitability. Omnicom data and analytics outlook
• Neutral Sentiment: Omnicom’s latest quarter produced $6.56 billion in revenue, above the $6.44 billion consensus and up 63.4% year over year, while EPS of $2.65 narrowly missed the $2.67 estimate. The mixed result helps explain why strong sales growth has not translated into a clear stock catalyst. Omnicom Q2 earnings call highlights
• Neutral Sentiment: International revenue remains an important factor in Wall Street’s forecasts, making foreign-market performance and currency or regional risks relevant to the stock’s outlook. Omnicom international revenue analysis
• Negative Sentiment: Investors remain concerned about higher debt, integration expenses and margin pressure following the merger. Analysts have also trimmed estimates, creating uncertainty over how quickly anticipated synergies will improve earnings. Omnicom valuation analysis
• Negative Sentiment: Some commentary argues that OMC’s valuation and recent multiyear gains leave the shares vulnerable to profit-taking if organic growth or post-merger execution disappoints. Omnicom valuation commentary

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup decreased their price objective on Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley raised their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Rothschild & Co Redburn began coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday. Finally, The Goldman Sachs Group began coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Stock Down 0.9%

OMC stock opened at $78.86 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.77. The stock has a market capitalization of $21.64 billion, a P/E ratio of 67.98, a P/E/G ratio of 0.53 and a beta of 0.63. The business has a 50-day moving average of $77.29 and a 200-day moving average of $76.89. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.41.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). The firm had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The firm’s quarterly revenue was up 63.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 earnings per share. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s dividend payout ratio (DPR) is currently 275.86%.

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.