HF Advisory Group LLC Acquires 30,383 Shares of Omnicom Group Inc. $OMC

HF Advisory Group LLC lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 239.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,075 shares of the business services provider’s stock after purchasing an additional 30,383 shares during the quarter. HF Advisory Group LLC’s holdings in Omnicom Group were worth $3,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OMC. Trust Co. of Vermont increased its holdings in shares of Omnicom Group by 45.8% during the fourth quarter. Trust Co. of Vermont now owns 1,499 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 471 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Omnicom Group by 11.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 26,013 shares of the business services provider’s stock worth $2,101,000 after purchasing an additional 2,715 shares in the last quarter. Tema Etfs LLC boosted its stake in Omnicom Group by 42.0% in the 4th quarter. Tema Etfs LLC now owns 6,924 shares of the business services provider’s stock worth $559,000 after purchasing an additional 2,047 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in Omnicom Group during the 4th quarter valued at about $423,000. Finally, Nilsine Partners LLC grew its holdings in shares of Omnicom Group by 14.7% during the fourth quarter. Nilsine Partners LLC now owns 7,438 shares of the business services provider’s stock valued at $601,000 after buying an additional 952 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.0%

Shares of OMC stock opened at $75.31 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.81. The company has a market cap of $21.46 billion, a price-to-earnings ratio of 153.69, a PEG ratio of 0.62 and a beta of 0.71. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The firm has a fifty day moving average price of $76.95 and a 200-day moving average price of $76.92.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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 had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the prior year, the firm posted $2.41 EPS. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. As a group, equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

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

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 $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, March 11th. Omnicom Group’s dividend payout ratio is currently 653.06%.

Analyst Ratings Changes

Several equities analysts recently issued reports on OMC shares. Morgan Stanley began coverage on Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective on the stock. Bank of America reissued an “underperform” rating and issued a $77.00 target price (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Barclays upped their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. UBS Group raised their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Citigroup lifted their price target on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Four 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, the company presently has an average rating of “Hold” and an average price target of $95.86.

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.