Farmers & Merchants Investments Inc. Boosts Stock Holdings in Omnicom Group Inc. $OMC

Farmers & Merchants Investments Inc. grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,976 shares of the business services provider’s stock after buying an additional 350 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Omnicom Group were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation National Association UT purchased a new stake in shares of Omnicom Group during the first quarter valued at approximately $34,000. Gen Wealth Partners Inc purchased a new stake in shares of Omnicom Group during the first quarter valued at approximately $36,000. Versant Capital Management Inc grew its holdings in shares of Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock valued at $38,000 after buying an additional 143 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock valued at $41,000 after buying an additional 343 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Omnicom Group during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 0.5%

OMC opened at $74.63 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The firm’s fifty day moving average is $75.64 and its 200 day moving average is $75.25. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 1.49 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.03. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the previous year, the company earned $1.95 EPS. Omnicom Group’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.8%. Omnicom Group’s payout ratio is 40.17%.

Analyst Ratings Changes

A number of research analysts recently weighed in on OMC shares. Bank of America upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research report on Monday, June 23rd. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Barclays cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Finally, Wells Fargo & Company dropped their target price on shares of Omnicom Group from $84.00 to $78.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $94.43.

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.