Cypress Wealth Services LLC Grows Position in Omnicom Group Inc. $OMC

Cypress Wealth Services LLC lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 37.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,199 shares of the business services provider’s stock after buying an additional 1,678 shares during the quarter. Cypress Wealth Services LLC’s holdings in Omnicom Group were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Robinson Value Management Ltd. lifted its holdings in shares of 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 worth $2,837,000 after buying an additional 139 shares in the last quarter. Mezzasalma Advisors LLC increased its position 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 worth $443,000 after purchasing an additional 159 shares during the last quarter. Financial Advisors Network Inc. increased its position in Omnicom Group by 6.1% in the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock worth $228,000 after purchasing an additional 159 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in Omnicom Group by 0.8% in 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 purchasing an additional 165 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in Omnicom Group by 39.1% in the first quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock worth $51,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 2.7%

OMC stock opened at $78.58 on Wednesday. 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 twelve month low of $68.37 and a twelve month high of $107.00. The stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96. The firm’s fifty day simple moving average is $77.09 and its two-hundred day simple moving average is $74.94.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the previous year, the business posted $1.95 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

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

Analyst Ratings Changes

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