Reflection Asset Management bought a new position in shares of Omnicom Group Inc. (NYSE:OMC – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,243 shares of the business services provider’s stock, valued at approximately $666,000.
Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management raised its holdings in shares of Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Omnicom Group during the 4th quarter valued at $26,000. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group during the 4th quarter worth $26,000. Legacy Wealth Managment LLC ID boosted its stake in shares of Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares in the last quarter. Finally, EFG International AG acquired a new position in shares of Omnicom Group in the 4th quarter worth $28,000. 91.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Citigroup reduced their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Morgan Stanley upped their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. The Goldman Sachs Group initiated 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. Finally, Argus raised shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $99.00.
Omnicom Group Stock Up 0.0%
Shares of OMC stock opened at $71.36 on Friday. The stock’s 50 day simple moving average is $75.38 and its 200 day simple moving average is $76.73. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $87.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 182.99, a PEG ratio of 0.43 and a beta of 0.63.
Omnicom Group (NYSE:OMC – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.70 earnings per share. As a group, research analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current year.
Omnicom Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is presently 820.51%.
About Omnicom Group
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.
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