Omnicom Group Inc. $OMC Shares Acquired by Crux Wealth Advisors

Crux Wealth Advisors raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 109.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,956 shares of the business services provider’s stock after purchasing an additional 6,756 shares during the quarter. Crux Wealth Advisors’ holdings in Omnicom Group were worth $1,056,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital A Wealth Management LLC grew its position in shares of Omnicom Group by 548.3% during 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 in the last quarter. Cornerstone Planning Group LLC raised its holdings in Omnicom Group by 2,126.7% in the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 319 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Omnicom Group by 289.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Omnicom Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 202 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in Omnicom Group during the 2nd quarter worth $37,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Trading Down 1.2%

NYSE OMC opened at $80.00 on Thursday. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $87.17. The company has a 50-day simple moving average of $77.89 and a 200-day simple moving average of $77.13. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93. The firm has a market capitalization of $24.83 billion, a PE ratio of 163.26, a price-to-earnings-growth ratio of 0.78 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Wednesday, February 18th. The business services provider reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.94 by ($0.35). Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.During the same quarter last year, the business posted $2.41 EPS. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. On average, equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group declared that its Board of Directors has approved a share buyback program on Wednesday, February 18th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 38.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. Omnicom Group’s dividend payout ratio (DPR) is 653.06%.

Analysts Set New Price Targets

OMC has been the subject of several research analyst reports. Citigroup boosted their target price on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. UBS Group boosted their price objective on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, December 5th. Barclays upped their price objective on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Finally, Morgan Stanley initiated coverage on Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $95.00.

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.