Omnicom Group Inc. $OMC Shares Purchased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd increased its stake in Omnicom Group Inc. (NYSE:OMC) by 24.2% in the third quarter, Holdings Channel reports. The firm owned 129,755 shares of the business services provider’s stock after purchasing an additional 25,317 shares during the period. AustralianSuper Pty Ltd’s holdings in Omnicom Group were worth $10,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Omnicom Group by 117.9% in the second quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock worth $447,017,000 after buying an additional 3,362,411 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Omnicom Group by 73.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock worth $542,376,000 after acquiring an additional 2,820,553 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Omnicom Group by 38.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock worth $324,782,000 after acquiring an additional 1,255,197 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Omnicom Group during the 2nd quarter valued at about $67,048,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Omnicom Group by 9.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after purchasing an additional 691,560 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Down 0.9%

OMC opened at $75.85 on Friday. The company has a fifty day moving average of $77.68 and a two-hundred day moving average of $76.53. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.27 and a beta of 0.74. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $89.27. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is currently 47.27%.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of research reports. Morgan Stanley started coverage on Omnicom Group in a report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price for the company. UBS Group increased 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. Barclays boosted their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Bank of America reaffirmed an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $92.14.

About Omnicom Group

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.