MGO One Seven LLC Increases Stake in Omnicom Group Inc. $OMC

MGO One Seven LLC lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 66.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,261 shares of the business services provider’s stock after acquiring an additional 7,665 shares during the period. MGO One Seven LLC’s holdings in Omnicom Group were worth $1,555,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of Omnicom Group by 99.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,462 shares of the business services provider’s stock worth $1,652,000 after acquiring an additional 10,187 shares during the period. Lmcg Investments LLC purchased a new position in Omnicom Group in the fourth quarter valued at approximately $837,000. Praxis Investment Management Inc. raised its holdings in Omnicom Group by 52.6% in the fourth quarter. Praxis Investment Management Inc. now owns 11,320 shares of the business services provider’s stock valued at $914,000 after buying an additional 3,900 shares during the period. Manske Wealth Management raised its holdings in Omnicom Group by 191.3% in the fourth quarter. Manske Wealth Management now owns 7,611 shares of the business services provider’s stock valued at $615,000 after buying an additional 4,998 shares during the period. Finally, Indivisible Partners purchased a new position in Omnicom Group in the fourth quarter valued at approximately $209,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Down 2.4%

Shares of NYSE:OMC opened at $75.18 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company has a 50 day moving average of $77.77 and a two-hundred day moving average of $76.75. The company has a market capitalization of $21.43 billion, a price-to-earnings ratio of 192.78, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the company earned $1.70 earnings per share. Omnicom Group’s revenue for the quarter was up 69.2% on a year-over-year basis. As a group, analysts forecast that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the business services provider to reacquire up to 38.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

Analysts Set New Price Targets

Several research firms recently commented on OMC. UBS Group raised their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Citigroup cut their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Morgan Stanley raised their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Barclays raised their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $93.71.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.