World Investment Advisors Has $4.30 Million Stock Position in Omnicom Group Inc. $OMC

World Investment Advisors boosted its position in Omnicom Group Inc. (NYSE:OMC) by 46.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 53,238 shares of the business services provider’s stock after purchasing an additional 16,788 shares during the period. World Investment Advisors’ holdings in Omnicom Group were worth $4,299,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of OMC. Activest Wealth Management lifted its stake in Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 296 shares during the last quarter. Bayforest Capital Ltd bought a new position in Omnicom Group in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC raised its holdings in Omnicom Group by 2,126.7% in the 3rd 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 during the period. Legacy Wealth Managment LLC ID raised its holdings in Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the period. Finally, Westside Investment Management Inc. raised its holdings in Omnicom Group by 100.0% in 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 period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OMC has been the topic of several research analyst reports. Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Morgan Stanley increased their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Citigroup lowered their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Barclays increased their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Omnicom Group presently has an average rating of “Hold” and a consensus target price of $93.71.

Omnicom Group Stock Down 3.4%

Shares of OMC opened at $71.68 on Friday. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The firm’s 50 day moving average is $77.11 and its 200-day moving average is $76.62. The stock has a market capitalization of $20.43 billion, a PE ratio of 183.80, a P/E/G ratio of 0.44 and a beta of 0.66. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

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

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

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.5%. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

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.