Osmosis Investment Management UK Ltd Takes $558,000 Position in Omnicom Group Inc. $OMC

Osmosis Investment Management UK Ltd acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,667 shares of the business services provider’s stock, valued at approximately $558,000.

Other hedge funds also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. lifted its stake in Omnicom Group by 55.4% in the fourth quarter. Resona Asset Management Co. Ltd. now owns 98,842 shares of the business services provider’s stock worth $7,976,000 after acquiring an additional 35,247 shares during the last quarter. Generali Asset Management SPA SGR grew its holdings in shares of Omnicom Group by 346.0% during the fourth quarter. Generali Asset Management SPA SGR now owns 20,580 shares of the business services provider’s stock worth $1,662,000 after purchasing an additional 15,966 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Omnicom Group by 70.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 674,065 shares of the business services provider’s stock worth $54,815,000 after buying an additional 277,665 shares during the period. Orca Investment Management LLC acquired a new position in shares of Omnicom Group in the 2nd quarter valued at $2,023,000. Finally, New York State Teachers Retirement System increased its stake in Omnicom Group by 70.2% in the fourth quarter. New York State Teachers Retirement System now owns 251,174 shares of the business services provider’s stock valued at $20,282,000 after purchasing an additional 103,615 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective for the company. The Goldman Sachs Group assumed coverage on Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price on the stock. 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 research report on Friday, May 1st. Weiss Ratings raised Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their target price on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Omnicom Group has an average rating of “Hold” and an average price target of $99.00.

Omnicom Group Stock Performance

NYSE:OMC opened at $88.23 on Wednesday. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $89.57. The firm has a 50-day moving average of $80.81 and a two-hundred day moving average of $77.86. 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 stock has a market cap of $24.21 billion, a P/E ratio of 76.06, a PEG ratio of 0.59 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data 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). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period in the prior year, the business earned $2.05 earnings per share. Omnicom Group’s revenue was up 63.4% on a year-over-year basis. On average, research analysts expect that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th. Omnicom Group’s payout ratio is currently 275.86%.

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.