Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,850 shares of the business services provider’s stock after purchasing an additional 7,551 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Omnicom Group were worth $7,817,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its stake in Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock worth $513,922,000 after acquiring an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Omnicom Group during the fourth quarter worth $150,819,000. FMR LLC increased its stake in Omnicom Group by 250.1% during the fourth quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock worth $172,987,000 after acquiring an additional 1,436,231 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Omnicom Group by 91.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock worth $184,730,000 after acquiring an additional 1,027,567 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Omnicom Group during the fourth quarter worth $79,321,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on OMC shares. JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. UBS Group dropped their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Barclays dropped their price objective on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company dropped their price objective on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Finally, Citigroup reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

Omnicom Group Trading Down 0.1%

OMC opened at $77.49 on Wednesday. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The business has a fifty day moving average price of $77.25 and a 200 day moving average price of $86.23.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.61%. Omnicom Group’s payout ratio is 38.30%.

Omnicom Group Company Profile

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.