Gold Investment Management Ltd. Increases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Gold Investment Management Ltd. lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,442 shares of the business services provider’s stock after purchasing an additional 219 shares during the quarter. Gold Investment Management Ltd.’s holdings in Omnicom Group were worth $984,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of OMC. ST Germain D J Co. Inc. purchased a new position in Omnicom Group during the 4th quarter worth $25,000. Versant Capital Management Inc increased its stake in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after acquiring an additional 271 shares during the period. Venturi Wealth Management LLC raised its holdings in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares in the last quarter. Trust Co. of Vermont lifted its position in Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 490 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Omnicom Group in the 3rd quarter valued at approximately $55,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $80.92 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The business’s fifty day moving average price is $83.98 and its two-hundred day moving average price is $93.74. The stock has a market cap of $15.90 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the company earned $2.20 EPS. On average, analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.46%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OMC. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company decreased their price objective 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. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.