United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $9.68 Million Investment in Omnicom Group Inc. $OMC

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, HoldingsChannel reports. The firm purchased 119,879 shares of the business services provider’s stock, valued at approximately $9,680,000.

Other institutional investors also recently made changes to their positions in the company. Activest Wealth Management lifted its stake 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 worth $25,000 after acquiring an additional 296 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Omnicom Group in the 4th quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new stake in shares of Omnicom Group in the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC lifted its stake in shares of Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 319 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of 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 worth $27,000 after acquiring an additional 176 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

NYSE OMC opened at $74.09 on Friday. The company has a 50 day simple moving average of $75.55 and a 200-day simple moving average of $76.52. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 189.98, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results 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 net margin of 0.32% and a return on equity of 24.48%. The firm’s revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. Equities research analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

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

Omnicom Group Announces Dividend

The business also recently announced 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 is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a yield of 4.3%. Omnicom Group’s dividend payout ratio is presently 820.51%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Argus raised shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. UBS Group upped their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Barclays upped 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. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a report on Thursday. They issued a “neutral” rating and a $89.00 price target for the company. Finally, Citigroup cut their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Hold” and a consensus target price of $93.13.

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.