Omnicom Group Inc. (NYSE:OMC) Shares Bought by Denali Advisors LLC

Denali Advisors LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 158.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,714 shares of the business services provider’s stock after acquiring an additional 3,500 shares during the quarter. Denali Advisors LLC’s holdings in Omnicom Group were worth $492,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. World Investment Advisors LLC raised its stake in shares of Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after purchasing an additional 17,815 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in Omnicom Group in the third quarter valued at about $713,000. Thrivent Financial for Lutherans raised its stake in Omnicom Group by 40.9% during the third 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. Assetmark Inc. lifted its holdings in 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 last quarter. Finally, Franklin Resources Inc. grew its position in shares of Omnicom Group by 19.7% in the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after acquiring an additional 38,022 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $81.75 on Friday. The stock has a market cap of $16.06 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.94 and a beta of 0.97. The firm’s 50-day simple moving average is $84.99 and its 200 day simple moving average is $94.91. Omnicom Group Inc. has a fifty-two week low of $80.31 and a fifty-two week high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the prior year, the business posted $2.20 EPS. Equities analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Ratings Changes

Several research firms have weighed in on OMC. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company cut their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Barclays lowered their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Company Profile

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.