HBW Advisory Services LLC Raises Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

HBW Advisory Services LLC raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,278 shares of the business services provider’s stock after purchasing an additional 661 shares during the quarter. HBW Advisory Services LLC’s holdings in Omnicom Group were worth $2,691,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of OMC. World Investment Advisors LLC grew its position in Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after buying an additional 17,815 shares during the period. Central Pacific Bank Trust Division grew its holdings in Omnicom Group by 16.3% in the third quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 401 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in shares of Omnicom Group in the third quarter valued at approximately $713,000. Assetmark Inc. raised its stake in shares of Omnicom Group by 2.0% during the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock worth $50,562,000 after buying an additional 9,774 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of Omnicom Group by 40.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after buying an additional 8,643 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. UBS Group raised their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company reduced their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Finally, Barclays upped their target price on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Insiders Place Their Bets

In other news, CAO Andrew Castellaneta sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Omnicom Group Trading Down 2.2 %

NYSE:OMC traded down $1.86 on Friday, reaching $82.28. 1,955,650 shares of the company’s stock were exchanged, compared to its average volume of 1,969,763. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. Omnicom Group Inc. has a 52-week low of $81.85 and a 52-week high of $107.00. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The business has a fifty day moving average of $95.58 and a 200-day moving average of $96.67.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period in the prior year, the business earned $1.86 EPS. As a group, analysts expect that Omnicom Group Inc. will post 7.92 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.40%. Omnicom Group’s payout ratio is 38.25%.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.