Planned Solutions Inc. Invests $95,000 in Omnicom Group Inc. (NYSE:OMC)

Planned Solutions Inc. purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,100 shares of the business services provider’s stock, valued at approximately $95,000.

Several other large investors have also recently added to or reduced their stakes in OMC. OFI Invest Asset Management purchased a new stake in shares of Omnicom Group during the 3rd quarter valued at about $25,000. KB Financial Partners LLC increased its position in shares of Omnicom Group by 1,326.1% during the second quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock worth $31,000 after acquiring an additional 305 shares during the last quarter. Carolinas Wealth Consulting LLC grew its stake in Omnicom Group by 1,805.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 307 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in shares of Omnicom Group by 64.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock valued at $38,000 after buying an additional 199 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new position in Omnicom Group during the 3rd quarter worth $38,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by company insiders.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $95.16 on Thursday. The company has a market capitalization of $18.84 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. The business’s 50-day moving average price is $89.91 and its two-hundred day moving average price is $83.22. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. Omnicom Group Inc. has a one year low of $72.20 and a one year high of $99.23.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $2.09 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 7.73 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 2.94%. Omnicom Group’s payout ratio is 40.46%.

Analysts Set New Price Targets

A number of research analysts have commented on OMC shares. StockNews.com downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Wednesday. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Thursday. Morgan Stanley raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $90.00 to $100.00 in a report on Friday, December 15th. Wells Fargo & Company increased their price target on Omnicom Group from $85.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Macquarie upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $80.00 to $100.00 in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.33.

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.