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

Rockingstone Advisors LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 38,965 shares of the business services provider’s stock, valued at approximately $3,177,000. Omnicom Group comprises 1.6% of Rockingstone Advisors LLC’s investment portfolio, making the stock its 23rd largest holding.

Other hedge funds have also recently bought and sold shares of the company. Capital A Wealth Management LLC lifted its position in shares of Omnicom Group by 548.3% in the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after buying an additional 318 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Omnicom Group in the 2nd quarter valued at approximately $29,000. Ameritas Advisory Services LLC acquired a new stake in Omnicom Group in the 2nd quarter worth approximately $34,000. CYBER HORNET ETFs LLC bought a new stake in Omnicom Group during the second quarter worth approximately $37,000. Finally, MUFG Securities EMEA plc acquired a new position in Omnicom Group during the second quarter valued at approximately $42,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Morgan Stanley initiated coverage on shares of Omnicom Group in a report on Tuesday. They set an “equal weight” rating and a $88.00 price target for the company. Barclays raised their price target on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $92.57.

Omnicom Group Stock Down 1.7%

NYSE OMC opened at $80.26 on Friday. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $89.81. The stock has a market cap of $15.49 billion, a PE ratio of 11.86, a PEG ratio of 1.30 and a beta of 0.75. The firm has a 50-day simple moving average of $75.53 and a 200 day simple moving average of $75.06. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

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

Omnicom Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be paid a $0.80 dividend. The ex-dividend date is Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. Omnicom Group’s dividend payout ratio is currently 41.36%.

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.