Blue Trust Inc. Acquires 1,408 Shares of Omnicom Group Inc. $OMC

Blue Trust Inc. increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 61.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,697 shares of the business services provider’s stock after buying an additional 1,408 shares during the period. Blue Trust Inc.’s holdings in Omnicom Group were worth $266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Robinson Value Management Ltd. increased its stake in Omnicom Group by 0.4% in the first 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. Mezzasalma Advisors LLC increased its stake in Omnicom Group by 3.1% in the first 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 position in shares of Omnicom Group by 6.1% during the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock worth $228,000 after acquiring an additional 159 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Omnicom Group by 0.8% during the first 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. Finally, Harbour Investments Inc. increased its position in shares of Omnicom Group by 39.1% during the first quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock worth $51,000 after acquiring an additional 173 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

Shares of OMC opened at $78.58 on Wednesday. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $107.00. The firm has a fifty day simple moving average of $77.09 and a 200 day simple moving average of $74.94. The stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 1.49 and a beta of 0.96. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.

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

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 2nd. Omnicom Group’s dividend payout ratio (DPR) is currently 40.17%.

Analyst Ratings Changes

Several brokerages have recently issued reports on OMC. Barclays downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, Bank of America upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Monday, June 23rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.29.

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.