Omnicom Group Inc. $OMC Shares Purchased by Van Diest Capital LLC

Van Diest Capital LLC raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 213.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,492 shares of the business services provider’s stock after buying an additional 8,501 shares during the period. Van Diest Capital LLC’s holdings in Omnicom Group were worth $941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OMC. Vanguard Group Inc. raised its position in shares of Omnicom Group by 64.2% during the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock worth $3,143,930,000 after acquiring an additional 15,220,444 shares in the last quarter. State Street Corp increased its stake in 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 valued at $1,933,891,000 after purchasing an additional 6,813,441 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Omnicom Group by 69.6% in the fourth quarter. Bank of New York Mellon Corp now owns 11,283,863 shares of the business services provider’s stock valued at $911,172,000 after purchasing an additional 4,631,394 shares during the last quarter. Wellington Management Group LLP lifted its position 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 buying an additional 4,364,797 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Omnicom Group by 57.1% in the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after buying an additional 3,117,188 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on OMC. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Morgan Stanley lifted their price target on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. 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 objective for the company. Citigroup cut their target price on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price target for the company. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $99.38.

Omnicom Group Trading Up 2.3%

NYSE:OMC opened at $79.70 on Friday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. The stock has a fifty day moving average price of $76.40 and a two-hundred day moving average price of $76.77. The stock has a market capitalization of $22.72 billion, a price-to-earnings ratio of 204.37, a PEG ratio of 0.48 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the prior year, the company earned $1.70 EPS. The firm’s revenue was up 69.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

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 dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 18th. Omnicom Group’s dividend payout ratio is presently 820.51%.

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.