Osmosis Investment Management UK Ltd Purchases New Holdings in Omnicom Group Inc. $OMC

Osmosis Investment Management UK Ltd acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,667 shares of the business services provider’s stock, valued at approximately $558,000.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Omnicom Group in the second quarter valued at approximately $2,082,476,000. Vanguard Group Inc. boosted its holdings in Omnicom Group by 64.2% during the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after acquiring an additional 15,220,444 shares during the period. Bank of New York Mellon Corp acquired a new stake in Omnicom Group in the 2nd quarter valued at approximately $914,156,000. State Street Corp grew its stake in shares of Omnicom Group by 40.4% in the fourth quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock worth $1,933,891,000 after acquiring an additional 6,813,441 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Omnicom Group by 522.9% during the 4th quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider’s stock worth $419,858,000 after purchasing an additional 4,364,797 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.8%

Omnicom Group stock opened at $88.23 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.78. The firm has a 50-day moving average of $80.81 and a 200-day moving average of $77.86. The company has a market cap of $24.21 billion, a price-to-earnings ratio of 76.06, a P/E/G ratio of 0.59 and a beta of 0.64. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $89.57.

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

Omnicom Group Dividend Announcement

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

Analyst Ratings Changes

OMC has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price target on the stock. Rothschild & Co Redburn started coverage on Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target for the company. Morgan Stanley boosted their price objective on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Wells Fargo & Company upped their target price on shares of Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Citigroup cut their price target on Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Omnicom Group presently has an average 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.