MAI Capital Management Has $902,000 Stake in Omnicom Group Inc. $OMC

MAI Capital Management grew its position in Omnicom Group Inc. (NYSE:OMC) by 626.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,059 shares of the business services provider’s stock after purchasing an additional 9,536 shares during the quarter. MAI Capital Management’s holdings in Omnicom Group were worth $902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC increased its stake in Omnicom Group by 548.3% in the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 318 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 319 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Omnicom Group by 289.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Omnicom Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 202 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Omnicom Group during the 2nd quarter worth $37,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.6%

Shares of NYSE OMC opened at $85.19 on Monday. The firm has a 50 day moving average price of $77.29 and a two-hundred day moving average price of $76.75. The stock has a market cap of $26.44 billion, a P/E ratio of 173.85, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $89.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $7.58 billion. Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.Omnicom Group’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 EPS. As a group, equities analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group announced that its board has authorized a share repurchase plan on Wednesday, February 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 38.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is 653.06%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on OMC shares. Citigroup raised their price objective on Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Morgan Stanley initiated coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target on the stock. Bank of America reaffirmed an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Barclays increased their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Finally, UBS Group boosted their target price on shares of Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $95.00.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.