Heritage Trust Co Has $3.50 Million Stock Holdings in Omnicom Group Inc. $OMC

Heritage Trust Co lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 198.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 43,304 shares of the business services provider’s stock after purchasing an additional 28,782 shares during the quarter. Heritage Trust Co’s holdings in Omnicom Group were worth $3,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Activest Wealth Management grew its position in shares of Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 296 shares during the period. Bayforest Capital Ltd bought a new stake in Omnicom Group in the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new stake in Omnicom Group in the 4th quarter valued at approximately $26,000. Cornerstone Planning Group LLC raised its stake in shares of Omnicom Group by 2,126.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after purchasing an additional 319 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID raised its stake in Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Argus upgraded Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. UBS Group increased their price target on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Barclays increased their price target on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Finally, Citigroup dropped their price target on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $93.13.

Omnicom Group Trading Up 4.7%

OMC opened at $76.15 on Tuesday. The company’s 50 day moving average is $75.49 and its 200-day moving average is $76.54. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $87.17. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market cap of $21.70 billion, a P/E ratio of 195.27, a PEG ratio of 0.44 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the firm posted $1.70 earnings per share. The business’s revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s payout ratio is presently 820.51%.

Omnicom Group announced that its Board of Directors has authorized a share buyback program on Wednesday, February 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the business services provider to repurchase up to 38.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.