UniSuper Management Pty Ltd Boosts Stock Holdings in Omnicom Group Inc. $OMC

UniSuper Management Pty Ltd grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,624 shares of the business services provider’s stock after purchasing an additional 2,430 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Omnicom Group were worth $2,290,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Robinson Value Management Ltd. increased its holdings in shares of Omnicom Group by 0.4% during the 1st quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock valued at $2,837,000 after purchasing an additional 139 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 143 shares in the last quarter. Mezzasalma Advisors LLC increased its holdings in shares of Omnicom Group by 3.1% during the 1st quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 159 shares in the last quarter. Financial Advisors Network Inc. increased its holdings in shares of Omnicom Group by 6.1% during the 1st quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 159 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in Omnicom Group by 0.8% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock worth $1,834,000 after acquiring an additional 165 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Bank of America raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Wells Fargo & Company cut their price target on shares of Omnicom Group from $84.00 to $78.00 and set an “equal weight” rating for the company in a report on Wednesday, July 16th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Finally, Barclays lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.43.

Omnicom Group Price Performance

Omnicom Group stock opened at $75.96 on Thursday. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $107.00. The firm has a market capitalization of $14.71 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.54 and a beta of 0.97. The company has a fifty day simple moving average of $75.20 and a 200-day simple moving average of $75.70. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.03. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the firm earned $1.95 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. Omnicom Group’s dividend payout ratio is presently 40.17%.

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.