Pacer Advisors Inc. grew its position in Omnicom Group Inc. (NYSE:OMC) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,617 shares of the business services provider’s stock after purchasing an additional 5,394 shares during the quarter. Pacer Advisors Inc.’s holdings in Omnicom Group were worth $2,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Guggenheim Capital LLC boosted its position in shares of Omnicom Group by 14.8% during the fourth quarter. Guggenheim Capital LLC now owns 196,573 shares of the business services provider’s stock worth $15,926,000 after acquiring an additional 25,396 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Omnicom Group by 69.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,075 shares of the business services provider’s stock worth $157,000 after acquiring an additional 852 shares during the last quarter. Pensionfund Sabic boosted its position in shares of Omnicom Group by 29.0% during the first quarter. Pensionfund Sabic now owns 26,700 shares of the business services provider’s stock worth $1,466,000 after acquiring an additional 6,000 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Omnicom Group by 4.7% during the first quarter. State of Alaska Department of Revenue now owns 37,484 shares of the business services provider’s stock worth $2,057,000 after acquiring an additional 1,699 shares during the last quarter. Finally, IBM Retirement Fund boosted its position in shares of Omnicom Group by 60.0% during the first quarter. IBM Retirement Fund now owns 5,072 shares of the business services provider’s stock worth $278,000 after acquiring an additional 1,902 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.
A number of brokerages recently weighed in on OMC. Cfra dropped their target price on shares of Omnicom Group from $80.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Morgan Stanley decreased their price target on shares of Omnicom Group from $78.00 to $57.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 28th. Finally, Wolfe Research began coverage on shares of Omnicom Group in a research note on Thursday, July 23rd. They set a “market perform” rating and a $60.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $69.63.
Omnicom Group stock opened at $53.73 on Friday. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.66 and a beta of 0.73. The firm’s fifty day moving average is $54.70 and its 200 day moving average is $60.90. The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 2.41. Omnicom Group Inc. has a 52-week low of $46.37 and a 52-week high of $82.73.
Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 28th. The business services provider reported $0.92 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.92. Omnicom Group had a net margin of 6.72% and a return on equity of 38.27%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The business’s revenue for the quarter was down 24.7% on a year-over-year basis. On average, equities research analysts anticipate that Omnicom Group Inc. will post 4.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 12th. Stockholders of record on Monday, September 21st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s dividend payout ratio is currently 42.90%.
Omnicom Group Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
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