Carlson Capital L.P. Makes New Investment in Omnicom Group Inc. $OMC

Carlson Capital L.P. acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,880 shares of the business services provider’s stock, valued at approximately $495,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Financial Advisors Network Inc. lifted its position in Omnicom Group by 6.1% during the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock worth $228,000 after purchasing an additional 159 shares during the period. Resonant Capital Advisors LLC raised its position in shares of Omnicom Group by 2.7% in the 2nd quarter. Resonant Capital Advisors LLC now owns 6,288 shares of the business services provider’s stock valued at $457,000 after buying an additional 168 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Omnicom Group by 39.1% during the 1st quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock worth $51,000 after acquiring an additional 173 shares during the period. EPG Wealth Management LLC boosted its position in shares of Omnicom Group by 2.3% during the 2nd quarter. EPG Wealth Management LLC now owns 7,738 shares of the business services provider’s stock worth $557,000 after acquiring an additional 175 shares in the last quarter. Finally, Horizon Investments LLC increased its stake in Omnicom Group by 6.6% in the first quarter. Horizon Investments LLC now owns 2,859 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

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

Omnicom Group Stock Performance

Shares of OMC stock opened at $71.39 on Thursday. The stock has a market capitalization of $13.78 billion, a PE ratio of 10.55, a PEG ratio of 1.43 and a beta of 0.94. The business’s 50 day simple moving average is $76.04 and its 200 day simple moving average is $74.92. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $105.99.

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

Omnicom Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be issued a dividend of $0.80 per share. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, December 19th. Omnicom Group’s dividend payout ratio is presently 41.36%.

Omnicom Group Profile

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.