GQG Partners LLC Invests $3.33 Million in Omnicom Group Inc. $OMC

GQG Partners LLC purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,743 shares of the business services provider’s stock, valued at approximately $3,331,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares during the period. Keating Financial Advisory Services Inc. acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at approximately $25,000. Bayforest Capital Ltd acquired a new stake in shares of Omnicom Group in the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC purchased a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $26,000. Finally, Legacy Wealth Managment LLC ID grew its holdings in Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.9%

OMC stock opened at $87.87 on Friday. The company has a market cap of $24.11 billion, a price-to-earnings ratio of 75.75, a PEG ratio of 0.58 and a beta of 0.64. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The business has a fifty day simple moving average of $80.34 and a 200-day simple moving average of $77.57. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $88.55.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The firm had revenue of $6.56 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the business posted $2.05 EPS. Omnicom Group’s revenue was up 63.4% compared to the same quarter last year. On average, equities research analysts expect that Omnicom Group Inc. will post 10.35 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 18th. Omnicom Group’s dividend payout ratio (DPR) is 275.86%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup dropped their target price on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings raised Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Rothschild & Co Redburn began coverage on Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target on the stock. The Goldman Sachs Group initiated coverage on Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Finally, Zacks Research cut Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and an average price target 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.