Louisiana State Employees Retirement System Takes $1.21 Million Position in Omnicom Group Inc. $OMC

Louisiana State Employees Retirement System bought a new stake in Omnicom Group Inc. (NYSE:OMC) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,000 shares of the business services provider’s stock, valued at approximately $1,205,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Activest Wealth Management raised its holdings in Omnicom Group by 2,960.0% in the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 296 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Omnicom Group in the fourth quarter valued at $26,000. Elyxium Wealth LLC acquired a new stake in shares of Omnicom Group during the fourth quarter worth about $26,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Finally, EFG International AG purchased a new stake in shares of Omnicom Group in the 4th quarter valued at about $28,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Shares of OMC opened at $78.55 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17. The firm has a 50-day simple moving average of $74.87 and a 200-day simple moving average of $76.75. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 201.41, a price-to-earnings-growth ratio of 0.47 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS. On average, equities research analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.1%. Omnicom Group’s payout ratio is presently 820.51%.

Analysts Set New Price Targets

OMC has been the topic of a number of research reports. Citigroup dropped their price target on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. UBS Group boosted their price objective on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, March 20th. The Goldman Sachs Group assumed coverage on Omnicom Group in a report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Finally, Rothschild & Co Redburn started coverage on shares of Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price on the stock. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $99.00.

About Omnicom Group

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.