Omnicom Group Inc. $OMC Shares Bought by Crux Wealth Advisors

Crux Wealth Advisors lifted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 109.0% in the 3rd quarter, Holdings Channel reports. The fund owned 12,956 shares of the business services provider’s stock after buying an additional 6,756 shares during the period. Crux Wealth Advisors’ holdings in Omnicom Group were worth $1,056,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Capital A Wealth Management LLC lifted its position in Omnicom Group by 548.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 318 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Omnicom Group by 2,126.7% during the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 319 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Omnicom Group by 289.4% during the third quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock worth $30,000 after buying an additional 272 shares during the period. Westside Investment Management Inc. grew its holdings in Omnicom Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock worth $31,000 after buying an additional 202 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Omnicom Group in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $80.00 on Thursday. The stock has a fifty day moving average price of $77.89 and a two-hundred day moving average price of $77.13. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.93. The firm has a market cap of $24.83 billion, a P/E ratio of 163.26, a PEG ratio of 0.78 and a beta of 0.71. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data 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). Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.During the same period in the prior year, the company posted $2.41 earnings per share. The business’s revenue was up 27.9% on a year-over-year basis. Research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, March 11th. Omnicom Group’s payout ratio is presently 653.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OMC shares. Barclays boosted their price target on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Citigroup upped their price objective on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 20th. UBS Group increased their target price on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Bank of America reissued an “underperform” rating and set a $77.00 target price (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.