Kesler Norman & Wride LLC Has $985,000 Stake in Omnicom Group Inc. $OMC

Kesler Norman & Wride LLC lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 37.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,449 shares of the business services provider’s stock after selling 6,869 shares during the period. Kesler Norman & Wride LLC’s holdings in Omnicom Group were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital A Wealth Management LLC boosted its stake in Omnicom Group by 548.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after acquiring an additional 318 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in Omnicom Group in the second quarter valued at approximately $29,000. Ameritas Advisory Services LLC acquired a new stake in Omnicom Group in the second quarter worth $34,000. City Holding Co. boosted its position in shares of Omnicom Group by 1,373.5% during the third quarter. City Holding Co. now owns 501 shares of the business services provider’s stock worth $41,000 after purchasing an additional 467 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Omnicom Group in the 2nd quarter valued at $37,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Up 0.3%

Shares of OMC stock opened at $79.05 on Friday. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $89.35. The stock’s fifty day moving average price is $76.09 and its two-hundred day moving average price is $75.98. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market cap of $15.26 billion, a PE ratio of 11.68, a P/E/G ratio of 1.31 and a beta of 0.74.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.07. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.Omnicom Group’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.03 EPS. Equities analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, December 19th. Omnicom Group’s dividend payout ratio (DPR) is currently 47.27%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America reiterated an “underperform” rating and set a $77.00 target price (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Morgan Stanley began coverage on Omnicom Group in a report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Barclays upped their target price 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. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.14.

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.