9,200 Shares in Omnicom Group Inc. (NYSE:OMC) Acquired by Sciencast Management LP

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Sciencast Management LP purchased a new stake in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,200 shares of the business services provider’s stock, valued at approximately $503,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OMC. State Board of Administration of Florida Retirement System grew its stake in shares of Omnicom Group by 4.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 294,659 shares of the business services provider’s stock worth $16,177,000 after purchasing an additional 12,823 shares during the last quarter. AXA grew its position in shares of Omnicom Group by 28.7% in the 1st quarter. AXA now owns 629,860 shares of the business services provider’s stock valued at $34,580,000 after buying an additional 140,500 shares during the last quarter. OmniStar Financial Group Inc. increased its stake in shares of Omnicom Group by 188.2% in the second quarter. OmniStar Financial Group Inc. now owns 6,701 shares of the business services provider’s stock valued at $366,000 after buying an additional 4,376 shares during the period. State Street Corp raised its position in shares of Omnicom Group by 6.5% during the first quarter. State Street Corp now owns 12,223,835 shares of the business services provider’s stock worth $678,488,000 after acquiring an additional 745,690 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Omnicom Group by 20.4% in the first quarter. The Manufacturers Life Insurance Company now owns 245,680 shares of the business services provider’s stock worth $13,488,000 after acquiring an additional 41,657 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

OMC stock opened at $53.73 on Friday. The stock’s 50 day simple moving average is $54.70 and its 200 day simple moving average is $60.90. The company has a market cap of $11.54 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.66 and a beta of 0.73. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.82 and a current ratio of 0.96. Omnicom Group Inc. has a fifty-two week low of $46.37 and a fifty-two week high of $82.73.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.92 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.92. Omnicom Group had a return on equity of 38.27% and a net margin of 6.72%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company’s quarterly revenue was down 24.7% on a year-over-year basis. Equities analysts predict that Omnicom Group Inc. will post 4.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 12th. Shareholders of record on Monday, September 21st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Friday, September 18th. Omnicom Group’s dividend payout ratio (DPR) is 42.90%.

Several research firms have issued reports on OMC. Wolfe Research started coverage on shares of Omnicom Group in a report on Thursday, July 23rd. They set a “market perform” rating and a $60.00 price target for the company. Morgan Stanley dropped their target price on shares of Omnicom Group from $78.00 to $57.00 and set an “underweight” rating on the stock in a report on Tuesday, April 28th. Finally, Cfra cut their price target on shares of Omnicom Group from $80.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Omnicom Group presently has an average rating of “Hold” and a consensus target price of $69.63.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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