Savant Capital LLC Cuts Position in Omnicom Group Inc. $OMC

Savant Capital LLC trimmed its position in Omnicom Group Inc. (NYSE:OMC) by 78.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,786 shares of the business services provider’s stock after selling 34,931 shares during the quarter. Savant Capital LLC’s holdings in Omnicom Group were worth $790,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Omnicom Group by 64.2% in the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock worth $3,143,930,000 after purchasing an additional 15,220,444 shares during the period. State Street Corp raised its holdings in shares of Omnicom Group by 15.8% in the 3rd quarter. State Street Corp now owns 16,863,327 shares of the business services provider’s stock worth $1,384,980,000 after purchasing an additional 2,298,652 shares during the period. Geode Capital Management LLC raised its holdings in shares of Omnicom Group by 57.1% in the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock worth $690,327,000 after purchasing an additional 3,117,188 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Omnicom Group by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock valued at $660,969,000 after buying an additional 1,893,316 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Omnicom Group by 5.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,870,437 shares of the business services provider’s stock valued at $635,538,000 after buying an additional 433,461 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OMC shares. UBS Group increased their target price on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Morgan Stanley increased their target price on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Rothschild & Co Redburn started coverage on Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Finally, Argus upgraded Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $75.16 on Wednesday. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The business has a 50 day moving average price of $75.49 and a two-hundred day moving average price of $76.54. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $21.42 billion, a PE ratio of 192.72, a price-to-earnings-growth ratio of 0.46 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share 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 during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the firm earned $1.70 EPS. Omnicom Group’s quarterly revenue was up 69.2% on a year-over-year basis. Sell-side analysts expect that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

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

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

Omnicom Group Profile

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.