Omnicom Group Inc. $OMC Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 155.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,116 shares of the business services provider’s stock after purchasing an additional 55,421 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Omnicom Group were worth $7,265,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital A Wealth Management LLC increased its position in shares of Omnicom Group by 548.3% during the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 318 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 319 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Omnicom Group by 289.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Omnicom Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock worth $31,000 after purchasing an additional 202 shares during the period. Finally, Wealth Watch Advisors INC acquired a new stake in Omnicom Group in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

OMC has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Citigroup lifted their price objective on Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Bank of America reissued an “underperform” rating and set a $77.00 target price (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Barclays raised their target price on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Finally, Morgan Stanley initiated coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $95.86.

Omnicom Group Trading Down 1.9%

NYSE:OMC opened at $73.85 on Friday. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.17. The firm has a market cap of $22.92 billion, a PE ratio of 150.70, a price-to-earnings-growth ratio of 0.61 and a beta of 0.71. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $77.16 and a 200 day moving average price of $76.96.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). The company had revenue of $5.53 billion during the quarter, compared to analyst estimates of $7.58 billion. Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. Omnicom Group’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.41 EPS. Sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 annualized dividend and a yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is 653.06%.

Omnicom Group announced that its board has initiated a stock buyback program on Wednesday, February 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the business services provider to repurchase up to 38.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Omnicom Group Profile

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.