Capital Research Global Investors Acquires 1,760,469 Shares of Omnicom Group Inc. $OMC

Capital Research Global Investors boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 60.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,691,101 shares of the business services provider’s stock after acquiring an additional 1,760,469 shares during the period. Capital Research Global Investors’ holdings in Omnicom Group were worth $378,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new position in Omnicom Group during the 4th quarter worth $68,000. XML Financial LLC increased its position in Omnicom Group by 23.1% during the 4th quarter. XML Financial LLC now owns 6,336 shares of the business services provider’s stock worth $512,000 after buying an additional 1,188 shares during the period. Vestcor Inc increased its position in Omnicom Group by 46.9% during the 4th quarter. Vestcor Inc now owns 14,914 shares of the business services provider’s stock worth $1,204,000 after buying an additional 4,762 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in Omnicom Group by 15.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,031 shares of the business services provider’s stock worth $1,052,000 after buying an additional 1,744 shares during the period. Finally, Patron Partners LLC bought a new position in Omnicom Group during the 4th quarter worth $630,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 0.0%

Shares of NYSE OMC opened at $75.28 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $87.17. The stock has a market capitalization of $21.46 billion, a P/E ratio of 193.03, a PEG ratio of 0.45 and a beta of 0.64. The stock’s fifty day moving average is $75.45 and its 200 day moving average is $76.59.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the business earned $1.70 earnings per share. Omnicom Group’s revenue was up 69.2% on a year-over-year basis. Sell-side analysts forecast that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

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

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be given a $0.80 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is presently 820.51%.

Analyst Ratings Changes

OMC has been the topic of several recent research reports. Barclays increased their price objective on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Citigroup lowered their price objective on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Rothschild & Co Redburn initiated coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Omnicom Group presently has an average rating of “Hold” and an average price target of $99.00.

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.