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

Ensign Peak Advisors Inc increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,850 shares of the business services provider’s stock after acquiring an additional 7,551 shares during the period. Ensign Peak Advisors Inc’s holdings in Omnicom Group were worth $7,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ethic Inc. grew its holdings in Omnicom Group by 36.5% during the fourth quarter. Ethic Inc. now owns 57,765 shares of the business services provider’s stock worth $4,970,000 after acquiring an additional 15,442 shares during the period. Fiduciary Trust Co grew its holdings in Omnicom Group by 7.6% during the fourth quarter. Fiduciary Trust Co now owns 10,732 shares of the business services provider’s stock worth $923,000 after acquiring an additional 761 shares during the period. First Manhattan CO. LLC. grew its holdings in Omnicom Group by 53.7% during the fourth quarter. First Manhattan CO. LLC. now owns 5,807 shares of the business services provider’s stock worth $500,000 after acquiring an additional 2,028 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Omnicom Group by 2.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 40,255 shares of the business services provider’s stock worth $3,464,000 after acquiring an additional 995 shares during the period. Finally, Deutsche Bank AG grew its holdings in Omnicom Group by 12.4% during the fourth quarter. Deutsche Bank AG now owns 1,228,562 shares of the business services provider’s stock worth $105,705,000 after acquiring an additional 135,442 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

NYSE OMC opened at $77.49 on Wednesday. The company has a market cap of $15.12 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. The stock’s 50 day simple moving average is $77.25 and its 200-day simple moving average is $86.23. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

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

Omnicom Group Dividend Announcement

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

Analysts Set New Price Targets

OMC has been the topic of several analyst reports. Barclays dropped their target price on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Citigroup reiterated a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. UBS Group lowered their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.29.

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.