Meeder Advisory Services Inc. Boosts Holdings in Omnicom Group Inc. (NYSE:OMC)

Meeder Advisory Services Inc. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,635 shares of the business services provider’s stock after purchasing an additional 141 shares during the period. Meeder Advisory Services Inc.’s holdings in Omnicom Group were worth $255,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new position in Omnicom Group during the fourth quarter valued at $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Omnicom Group in the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. lifted its stake in shares of Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares in the last quarter. Richardson Financial Services Inc. purchased a new position in shares of Omnicom Group in the fourth quarter worth about $29,000. Finally, First United Bank & Trust purchased a new position in shares of Omnicom Group in the fourth quarter worth about $35,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Linda Johnson Rice sold 453 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total value of $41,984.04. Following the sale, the director now directly owns 9,830 shares in the company, valued at $911,044.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OMC. Moffett Nathanson raised their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price objective on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.40.

Omnicom Group Stock Performance

OMC traded up $0.65 on Tuesday, hitting $94.40. 561,562 shares of the company traded hands, compared to its average volume of 1,578,895. The company has a 50 day moving average of $92.00 and a 200-day moving average of $91.20. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23. The stock has a market capitalization of $18.49 billion, a PE ratio of 12.67, a PEG ratio of 2.17 and a beta of 0.95. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.15. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Sell-side analysts anticipate that Omnicom Group Inc. will post 7.84 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 2.97%. Omnicom Group’s dividend payout ratio is currently 37.84%.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.