WCM Investment Management LLC Has $391,000 Stake in Omnicom Group Inc. (NYSE:OMC)

WCM Investment Management LLC boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 119.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,561 shares of the business services provider’s stock after buying an additional 2,485 shares during the period. WCM Investment Management LLC’s holdings in Omnicom Group were worth $391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OMC. State Street Corp boosted its position in shares of Omnicom Group by 5.7% during the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after acquiring an additional 759,980 shares in the last quarter. World Investment Advisors LLC lifted its stake in Omnicom Group by 4,413.3% during the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock worth $39,645,000 after purchasing an additional 374,952 shares during the period. International Assets Investment Management LLC boosted its holdings in Omnicom Group by 389,021.8% during the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after purchasing an additional 213,962 shares in the last quarter. Arvest Bank Trust Division bought a new stake in shares of Omnicom Group in the 3rd quarter valued at approximately $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Omnicom Group by 46.0% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock valued at $42,634,000 after purchasing an additional 156,173 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 1.5 %

Shares of NYSE OMC opened at $82.54 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The firm’s 50-day simple moving average is $88.46 and its 200 day simple moving average is $96.02.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the company earned $2.20 EPS. On average, research analysts expect that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.39%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. cut their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Barclays lowered their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. UBS Group lifted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

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.