Hudson Portfolio Management LLC Invests $685,000 in Omnicom Group Inc. $OMC

Hudson Portfolio Management LLC acquired a new stake in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,410 shares of the business services provider’s stock, valued at approximately $685,000.

A number of other hedge funds have also made changes to their positions in the stock. Activest Wealth Management raised its holdings in 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 bought a new position in Omnicom Group during the 4th quarter valued at $26,000. Elyxium Wealth LLC bought a new position in Omnicom Group during the 4th quarter valued at $26,000. Legacy Wealth Managment LLC ID increased its position in shares of Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the period. Finally, EFG International AG acquired a new position in shares of Omnicom Group during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on OMC. Weiss Ratings raised Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Zacks Research cut Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Wells Fargo & Company lifted their target price on Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Citigroup dropped their price target on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price objective for the company. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $99.00.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $87.87 on Friday. The company’s fifty day moving average is $80.34 and its two-hundred day moving average is $77.57. The company has a market cap of $24.11 billion, a P/E ratio of 75.75, a price-to-earnings-growth ratio of 0.58 and a beta of 0.64. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $88.55. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The business had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the business earned $2.05 EPS. The business’s quarterly revenue was up 63.4% on a year-over-year basis. Equities analysts expect that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a yield of 3.6%. Omnicom Group’s dividend payout ratio (DPR) is presently 275.86%.

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.