Patron Partners LLC Makes New $419,000 Investment in Omnicom Group Inc. $OMC

Patron Partners LLC purchased a new position in Omnicom Group Inc. (NYSE:OMC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,749 shares of the business services provider’s stock, valued at approximately $419,000.

Several other hedge funds also recently made changes to their positions in the stock. Activest Wealth Management lifted its holdings in Omnicom Group by 2,960.0% during 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 in the last quarter. Bayforest Capital Ltd bought a new position in Omnicom Group in the 4th quarter worth about $26,000. Elyxium Wealth LLC bought a new position in Omnicom Group in the 4th quarter worth about $26,000. Legacy Wealth Managment LLC ID grew its holdings in Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares in the last quarter. Finally, EFG International AG purchased a new position in Omnicom Group during the 4th quarter valued at about $28,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $87.87 on Friday. The firm has a market capitalization of $24.11 billion, a P/E ratio of 75.75, a P/E/G ratio of 0.58 and a beta of 0.64. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The stock’s 50-day simple moving average is $80.34 and its two-hundred day simple moving average is $77.57. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $88.55.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). The business had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.44 billion. Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The business’s revenue was up 63.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 EPS. As a group, equities analysts anticipate that Omnicom Group Inc. will post 10.35 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s dividend payout ratio (DPR) is currently 275.86%.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price on the stock. Morgan Stanley increased their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Citigroup cut their price target on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Omnicom Group presently has an average rating of “Hold” and a consensus target price of $99.00.

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.