NewEdge Advisors LLC Buys 773 Shares of Omnicom Group Inc. (NYSE:OMC)

NewEdge Advisors LLC boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,527 shares of the business services provider’s stock after purchasing an additional 773 shares during the quarter. NewEdge Advisors LLC’s holdings in Omnicom Group were worth $3,573,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc raised its holdings in Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares during the period. Venturi Wealth Management LLC lifted its position in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 195 shares during the last quarter. Whittier Trust Co. boosted its stake in Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after buying an additional 323 shares during the period. Finally, Trust Co. of Vermont increased its position in Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 490 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC stock opened at $73.16 on Monday. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $79.57 and a two-hundred day simple moving average of $89.31. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.94 and a beta of 0.87.

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

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is currently 38.30%.

Analysts Set New Price Targets

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

Omnicom Group 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.