Lido Advisors LLC Decreases Stock Position in Omnicom Group Inc. $OMC

Lido Advisors LLC cut its position in Omnicom Group Inc. (NYSE:OMC) by 52.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,497 shares of the business services provider’s stock after selling 18,452 shares during the quarter. Lido Advisors LLC’s holdings in Omnicom Group were worth $1,198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Omnicom Group by 117.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock valued at $447,017,000 after acquiring an additional 3,362,411 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Omnicom Group by 38.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock worth $324,782,000 after purchasing an additional 1,255,197 shares during the period. Baird Financial Group Inc. increased its stake in shares of Omnicom Group by 44.5% in the first quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock worth $323,040,000 after purchasing an additional 1,199,725 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Omnicom Group by 1,836.5% in the first quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock worth $89,114,000 after purchasing an additional 1,030,633 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Omnicom Group by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock valued at $245,909,000 after purchasing an additional 887,415 shares during the period. Institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on OMC. Barclays raised their price objective on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.57.

Omnicom Group Stock Performance

Omnicom Group stock opened at $70.15 on Friday. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $104.22. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $13.54 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.13 and a beta of 0.75. The firm’s 50 day simple moving average is $75.51 and its 200 day simple moving average is $74.71.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $2.03 EPS. As a group, analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.6%. Omnicom Group’s dividend payout ratio (DPR) is presently 41.36%.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.