Diversified Trust Co Cuts Position in Omnicom Group Inc. $OMC

Diversified Trust Co trimmed its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 15.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,669 shares of the business services provider’s stock after selling 14,725 shares during the quarter. Diversified Trust Co’s holdings in Omnicom Group were worth $6,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AustralianSuper Pty Ltd raised its holdings in shares of Omnicom Group by 24.2% in the 3rd quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock worth $10,579,000 after purchasing an additional 25,317 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Omnicom Group by 3.7% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396,400 shares of the business services provider’s stock valued at $32,318,000 after purchasing an additional 14,155 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Omnicom Group by 155.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock valued at $7,265,000 after purchasing an additional 55,421 shares during the period. AIA Group Ltd bought a new position in Omnicom Group during the third quarter valued at $1,376,000. Finally, Nordea Investment Management AB grew its holdings in Omnicom Group by 2,103.2% during the fourth quarter. Nordea Investment Management AB now owns 411,049 shares of the business services provider’s stock valued at $33,262,000 after purchasing an additional 392,392 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OMC. Barclays boosted their target price 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. Rothschild & Co Redburn began coverage on Omnicom Group in a research note on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Morgan Stanley lifted their price objective on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, 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 note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Hold” and an average target price of $99.00.

Omnicom Group Stock Up 0.0%

OMC opened at $71.36 on Friday. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The company has a market cap of $20.34 billion, a PE ratio of 182.99, a price-to-earnings-growth ratio of 0.43 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $75.38 and a 200 day moving average of $76.73.

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

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders 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 annualized dividend and a dividend yield of 4.5%. Omnicom Group’s payout ratio is 820.51%.

Omnicom Group 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.