Pinkerton Wealth LLC Purchases 9,291 Shares of Omnicom Group Inc. $OMC

Pinkerton Wealth LLC grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 16.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,522 shares of the business services provider’s stock after acquiring an additional 9,291 shares during the period. Pinkerton Wealth LLC’s holdings in Omnicom Group were worth $5,342,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Capital A Wealth Management LLC grew its stake in 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 purchasing an additional 318 shares during the period. Cornerstone Planning Group LLC increased 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 worth $27,000 after purchasing an additional 319 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Omnicom Group by 289.4% in the third quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Westside Investment Management Inc. lifted its stake in Omnicom Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after buying an additional 202 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Omnicom Group during the 2nd quarter worth approximately $37,000. 91.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OMC shares. Morgan Stanley initiated coverage on shares of Omnicom Group in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective for the company. Barclays increased their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Bank of America reaffirmed an “underperform” rating and issued a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Finally, Citigroup upped their price objective on shares of Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Omnicom Group currently has an average rating of “Hold” and a consensus price target of $95.00.

Omnicom Group Trading Down 1.1%

NYSE:OMC opened at $84.01 on Tuesday. 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 cap of $26.07 billion, a price-to-earnings ratio of 171.44, a price-to-earnings-growth ratio of 0.81 and a beta of 0.71. The firm has a 50-day moving average price of $77.91 and a two-hundred day moving average price of $77.10. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $89.27.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, March 11th. Omnicom Group’s dividend payout ratio is 653.06%.

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

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.