Alaska Permanent Fund Corp Grows Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Alaska Permanent Fund Corp raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 54.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,711 shares of the business services provider’s stock after purchasing an additional 4,857 shares during the period. Alaska Permanent Fund Corp’s holdings in Omnicom Group were worth $1,186,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. HB Wealth Management LLC bought a new position in shares of Omnicom Group during the third quarter valued at about $205,000. State of Alaska Department of Revenue lifted its holdings in shares of Omnicom Group by 5.1% during the third quarter. State of Alaska Department of Revenue now owns 25,979 shares of the business services provider’s stock valued at $1,934,000 after purchasing an additional 1,260 shares during the last quarter. Occidental Asset Management LLC purchased a new position in Omnicom Group in the 3rd quarter worth approximately $240,000. Oak Thistle LLC purchased a new position in Omnicom Group in the 3rd quarter worth approximately $923,000. Finally, Czech National Bank raised its holdings in Omnicom Group by 46.2% in the 3rd quarter. Czech National Bank now owns 34,532 shares of the business services provider’s stock worth $2,572,000 after acquiring an additional 10,913 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OMC shares. Macquarie boosted their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Barclays boosted their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Thursday, March 28th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. Finally, UBS Group began coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.40.

Omnicom Group Price Performance

NYSE OMC opened at $96.71 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. The firm’s 50 day moving average price is $92.23 and its 200-day moving average price is $85.93. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23. The company has a market cap of $18.94 billion, a PE ratio of 13.07, a P/E/G ratio of 2.25 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $2.09 earnings per share. Sell-side analysts forecast that Omnicom Group Inc. will post 7.81 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a dividend yield of 2.90%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.84%.

Omnicom Group 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.