Foster & Motley Inc. Buys New Position in Omnicom Group Inc. $OMC

Foster & Motley Inc. purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 61,826 shares of the business services provider’s stock, valued at approximately $4,503,000.

Other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its stake in Omnicom Group by 2,960.0% in the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after buying an additional 296 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Omnicom Group during the fourth quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new position in shares of Omnicom Group during the fourth quarter worth approximately $26,000. Legacy Wealth Managment LLC ID increased its holdings in shares of 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, EFG International AG acquired a new position in shares of Omnicom Group in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

Omnicom Group stock opened at $86.40 on Wednesday. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $88.55. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. The business has a 50 day simple moving average of $79.62 and a 200-day simple moving average of $77.34. The stock has a market capitalization of $23.70 billion, a PE ratio of 74.49, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.Omnicom Group’s revenue for the quarter was up 63.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 earnings per share. Equities analysts predict that Omnicom Group Inc. will post 10.35 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, September 18th. Omnicom Group’s dividend payout ratio (DPR) is 275.86%.

Analyst Ratings Changes

A number of analysts recently weighed in on OMC shares. Zacks Research cut shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Wells Fargo & Company lifted their price objective on shares of Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. The Goldman Sachs Group started coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 target price for the company. Citigroup decreased their target price on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Morgan Stanley raised their price target on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $99.00.

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.