Omnicom Group Inc. $OMC Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 199.1% during the fourth quarter, HoldingsChannel reports. The firm owned 58,735 shares of the business services provider’s stock after buying an additional 39,099 shares during the period. KCM Investment Advisors LLC’s holdings in Omnicom Group were worth $4,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of OMC. Activest Wealth Management lifted its stake in shares of Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Omnicom Group during the fourth quarter worth about $26,000. Elyxium Wealth LLC acquired a new position in shares of Omnicom Group during the fourth quarter worth about $26,000. Legacy Wealth Managment LLC ID lifted its stake in shares of Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Omnicom Group during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $76.52 on Friday. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.17. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of 196.21, a price-to-earnings-growth ratio of 0.46 and a beta of 0.63. The business has a 50 day simple moving average of $75.49 and a 200 day simple moving average of $76.65. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77.

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, topping analysts’ consensus estimates of $1.84 by $0.06. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business’s revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS. On average, equities research analysts anticipate that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared 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 4.2%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is presently 820.51%.

Omnicom Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 38.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup reduced their price objective 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. The Goldman Sachs Group began coverage on Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price objective on the stock. Argus upgraded Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Rothschild & Co Redburn began coverage on Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Five equities 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $99.00.

Omnicom Group Company 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.