Franklin Street Advisors Inc. NC Takes Position in Omnicom Group Inc. (NYSE:OMC)

Franklin Street Advisors Inc. NC purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,320 shares of the business services provider’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in OMC. Pathstone Family Office LLC lifted its holdings in Omnicom Group by 0.8% during the 4th quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock worth $1,084,000 after buying an additional 108 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Omnicom Group by 11.6% during the second quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the business services provider’s stock worth $117,000 after purchasing an additional 128 shares during the last quarter. Czech National Bank boosted its holdings in Omnicom Group by 0.4% in the fourth quarter. Czech National Bank now owns 34,666 shares of the business services provider’s stock worth $2,999,000 after purchasing an additional 134 shares during the period. Arlington Partners LLC increased its stake in Omnicom Group by 6.5% during the third quarter. Arlington Partners LLC now owns 2,232 shares of the business services provider’s stock valued at $166,000 after purchasing an additional 136 shares during the last quarter. Finally, Fund Management at Engine No. 1 LLC increased its stake in Omnicom Group by 5.7% during the second quarter. Fund Management at Engine No. 1 LLC now owns 2,598 shares of the business services provider’s stock valued at $247,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OMC. Wells Fargo & Company lifted their price target on shares of Omnicom Group from $85.00 to $91.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Macquarie raised Omnicom Group from a “neutral” rating to an “outperform” rating and upped their target price for the company from $80.00 to $100.00 in a report on Friday, January 5th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $106.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. Morgan Stanley upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $90.00 to $100.00 in a research note on Friday, December 15th. Finally, UBS Group began coverage on Omnicom Group in a research note on Thursday, January 11th. They issued a “buy” rating and a $117.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.33.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Trading Up 1.7 %

Omnicom Group stock opened at $96.76 on Friday. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23. The stock has a market capitalization of $19.16 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96. The firm has a 50 day simple moving average of $90.06 and a 200-day simple moving average of $83.30. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC) last announced its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the business posted $2.09 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that Omnicom Group Inc. will post 7.73 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 2.89%. Omnicom Group’s dividend payout ratio is currently 40.46%.

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.