Omnicom Group Inc. $OMC Holdings Raised by HBW Advisory Services LLC

HBW Advisory Services LLC grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,000 shares of the business services provider’s stock after purchasing an additional 900 shares during the period. HBW Advisory Services LLC’s holdings in Omnicom Group were worth $2,734,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of OMC. Robinson Value Management Ltd. increased its holdings in shares of Omnicom Group by 0.4% during the 1st quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock valued at $2,837,000 after acquiring an additional 139 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 143 shares during the last quarter. Mezzasalma Advisors LLC grew its position in shares of Omnicom Group by 3.1% in the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 159 shares during the last quarter. Financial Advisors Network Inc. grew its position in shares of Omnicom Group by 6.1% in the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 159 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in shares of Omnicom Group by 0.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock valued at $1,834,000 after purchasing an additional 165 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OMC has been the topic of several research analyst reports. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Monday, June 23rd. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Wells Fargo & Company lowered their target price on Omnicom Group from $84.00 to $78.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 16th. Finally, Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and an average price target of $94.43.

Omnicom Group Stock Performance

OMC opened at $77.14 on Friday. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $107.00. The firm has a market capitalization of $14.94 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 1.54 and a beta of 0.97. The stock’s 50 day moving average price is $75.31 and its two-hundred day moving average price is $75.61. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.03. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the firm earned $1.95 EPS. Omnicom Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group’s dividend payout ratio (DPR) is presently 40.17%.

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.