JGP Wealth Management LLC Has $1.92 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

JGP Wealth Management LLC boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,280 shares of the business services provider’s stock after acquiring an additional 523 shares during the period. JGP Wealth Management LLC’s holdings in Omnicom Group were worth $1,917,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Carnegie Investment Counsel increased its stake in Omnicom Group by 3.0% during the fourth quarter. Carnegie Investment Counsel now owns 23,017 shares of the business services provider’s stock valued at $1,980,000 after acquiring an additional 680 shares during the period. Meyer Handelman Co. increased its stake in Omnicom Group by 15.9% during the fourth quarter. Meyer Handelman Co. now owns 190,314 shares of the business services provider’s stock valued at $16,375,000 after acquiring an additional 26,073 shares during the period. Park Avenue Securities LLC increased its stake in Omnicom Group by 29.3% during the fourth quarter. Park Avenue Securities LLC now owns 13,121 shares of the business services provider’s stock valued at $1,129,000 after acquiring an additional 2,970 shares during the period. Elevated Capital Advisors LLC increased its stake in Omnicom Group by 13.8% during the fourth quarter. Elevated Capital Advisors LLC now owns 9,624 shares of the business services provider’s stock valued at $828,000 after acquiring an additional 1,165 shares during the period. Finally, Czech National Bank increased its stake in Omnicom Group by 6.1% during the fourth quarter. Czech National Bank now owns 42,301 shares of the business services provider’s stock valued at $3,640,000 after acquiring an additional 2,446 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Up 0.4 %

NYSE OMC opened at $85.83 on Friday. The firm has a market cap of $16.75 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00. The stock’s 50 day simple moving average is $94.06 and its 200 day simple moving average is $96.56. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the prior year, the company earned $1.86 EPS. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.26%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio is 38.25%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays boosted their price target on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. upped their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lowered their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Macquarie reiterated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, UBS Group upped their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

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.