Omnicom Group Inc. $OMC Holdings Raised by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. increased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 13,437 shares of the business services provider’s stock after acquiring an additional 285 shares during the period. Omnicom Group makes up about 0.8% of Total Wealth Planning & Management Inc.’s holdings, making the stock its 29th largest holding. Total Wealth Planning & Management Inc.’s holdings in Omnicom Group were worth $967,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in OMC. Pacer Advisors Inc. grew its stake in Omnicom Group by 17,506.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider’s stock worth $227,512,000 after buying an additional 2,728,494 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Omnicom Group by 20.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider’s stock worth $595,147,000 after buying an additional 1,205,165 shares during the last quarter. Baird Financial Group Inc. grew its stake in Omnicom Group by 44.5% during the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider’s stock worth $323,040,000 after buying an additional 1,199,725 shares during the last quarter. AQR Capital Management LLC grew its stake in Omnicom Group by 1,836.5% during the 1st quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock worth $89,114,000 after buying an additional 1,030,633 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Omnicom Group by 42.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after buying an additional 887,415 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Down 2.3%

Shares of Omnicom Group stock opened at $77.78 on Friday. The stock’s fifty day moving average is $76.77 and its 200-day moving average is $75.05. The firm has a market capitalization of $15.07 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96. 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 Inc. has a 12-month low of $68.37 and a 12-month high of $107.00.

Omnicom Group (NYSE:OMC) last announced 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. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.Omnicom Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.95 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group’s dividend payout ratio is presently 40.17%.

Analyst Ratings Changes

OMC has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Barclays cut Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Monday, June 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $96.29.

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.