Naples Global Advisors LLC Grows Stock Position in Omnicom Group Inc. $OMC

Naples Global Advisors LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,822 shares of the business services provider’s stock after buying an additional 2,038 shares during the quarter. Naples Global Advisors LLC’s holdings in Omnicom Group were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in OMC. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Omnicom Group by 16.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,891 shares of the business services provider’s stock worth $1,195,000 after purchasing an additional 1,953 shares during the period. Versant Capital Management Inc raised its holdings in shares of Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after purchasing an additional 143 shares during the period. Rhumbline Advisers raised its holdings in shares of Omnicom Group by 10.5% in the 1st quarter. Rhumbline Advisers now owns 448,893 shares of the business services provider’s stock worth $37,218,000 after purchasing an additional 42,742 shares during the period. Merit Financial Group LLC raised its holdings in shares of Omnicom Group by 157.9% in the 1st quarter. Merit Financial Group LLC now owns 7,661 shares of the business services provider’s stock worth $635,000 after purchasing an additional 4,690 shares during the period. Finally, Fulton Bank N.A. raised its holdings in shares of Omnicom Group by 10.5% in the 1st quarter. Fulton Bank N.A. now owns 4,653 shares of the business services provider’s stock worth $386,000 after purchasing an additional 442 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

OMC stock opened at $76.89 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00. The firm has a market cap of $14.89 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 1.51 and a beta of 0.96. The stock has a 50-day simple moving average of $76.31 and a 200-day simple moving average of $75.12.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the firm earned $1.95 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 annualized dividend and a yield of 3.6%. Omnicom Group’s payout ratio is currently 40.17%.

Analyst Ratings Changes

A number of research firms have recently commented on OMC. Bank of America upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Monday, June 23rd. Barclays downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $96.29.

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.