TCM Advisors LLC Takes Position in Omnicom Group Inc. $OMC

TCM Advisors LLC bought a new position in Omnicom Group Inc. (NYSE:OMC) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 11,918 shares of the business services provider’s stock, valued at approximately $868,000. Omnicom Group accounts for 0.1% of TCM Advisors LLC’s investment portfolio, making the stock its 28th biggest position.

Several other large investors have also recently modified their holdings of the stock. Activest Wealth Management boosted its stake in Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after buying an additional 296 shares during the period. Keating Financial Advisory Services Inc. bought a new position in Omnicom Group during the second quarter valued at $25,000. Elyxium Wealth LLC purchased a new stake in shares of Omnicom Group in the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID raised its stake in shares of Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the period. Finally, EFG International AG bought a new stake in shares of Omnicom Group in the 4th quarter worth about $28,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 0.4%

Shares of NYSE:OMC opened at $87.87 on Monday. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $88.55. The stock has a market cap of $24.11 billion, a P/E ratio of 75.75, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64. The business’s 50 day moving average is $80.34 and its 200 day moving average is $77.58. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

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

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th. Omnicom Group’s payout ratio is presently 275.86%.

Analysts Set New Price Targets

A number of research firms recently commented on OMC. Citigroup dropped their price target on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Wells Fargo & Company increased their price objective on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Morgan Stanley boosted their target price on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Finally, Zacks Research cut Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $99.00.

Omnicom Group Company 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.