Revisor Wealth Management LLC Grows Stock Position in Omnicom Group Inc. $OMC

Revisor Wealth Management LLC increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 86.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,294 shares of the business services provider’s stock after buying an additional 8,972 shares during the quarter. Revisor Wealth Management LLC’s holdings in Omnicom Group were worth $1,543,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bayforest Capital Ltd purchased a new stake in shares of Omnicom Group during the 4th quarter valued at approximately $26,000. Cornerstone Planning Group LLC raised its position 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 valued at $27,000 after buying an additional 319 shares during the period. Meeder Asset Management Inc. raised its position in shares of Omnicom Group by 289.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Westside Investment Management Inc. raised its position in shares of Omnicom Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after buying an additional 202 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Omnicom Group during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on OMC shares. Bank of America reaffirmed an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Citigroup lifted their target price on shares of Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 20th. Barclays lifted their target price 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. Argus upgraded shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $95.86.

Omnicom Group Stock Down 0.1%

Omnicom Group stock opened at $78.62 on Monday. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93. The firm has a 50 day moving average price of $77.27 and a 200 day moving average price of $76.86. The company has a market capitalization of $22.40 billion, a PE ratio of 160.44, a price-to-earnings-growth ratio of 0.60 and a beta of 0.73.

Omnicom Group (NYSE:OMC) last posted its earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.94 by ($0.35). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The company had revenue of $5.53 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter last year, the business posted $2.41 EPS. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. Research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th were paid a $0.80 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 4.1%. Omnicom Group’s payout ratio is 653.06%.

Omnicom Group declared that its board has approved a stock 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 reacquire up to 38.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.