Tectonic Advisors LLC Boosts Position in Omnicom Group Inc. $OMC

Tectonic Advisors LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 14.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,245 shares of the business services provider’s stock after buying an additional 784 shares during the period. Tectonic Advisors LLC’s holdings in Omnicom Group were worth $449,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT purchased a new position in Omnicom Group in the 1st quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new position in Omnicom Group in the 2nd quarter worth about $34,000. Gen Wealth Partners Inc purchased a new position in Omnicom Group in the 1st quarter worth about $36,000. Golden State Wealth Management LLC increased its stake in Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after buying an additional 343 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new position in Omnicom Group during the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on OMC shares. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Bank of America raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Monday, June 23rd. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday. Finally, Barclays downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

Omnicom Group Stock Down 1.4%

OMC stock opened at $76.50 on Friday. The firm has a 50 day moving average of $76.88 and a 200 day moving average of $75.02. The stock has a market capitalization of $14.82 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.03. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. Omnicom Group’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business earned $1.95 EPS. Sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Tuesday, September 2nd were paid a $0.70 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. Omnicom Group’s dividend payout ratio (DPR) is 40.17%.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.