Unique Wealth Strategies LLC Makes New $540,000 Investment in Omnicom Group Inc. (NYSE:OMC)

Unique Wealth Strategies LLC bought a new position in Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,243 shares of the business services provider’s stock, valued at approximately $540,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aviva PLC grew its holdings in shares of Omnicom Group by 406.1% during the 3rd quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock worth $9,407,000 after purchasing an additional 101,348 shares during the period. NBC Securities Inc. purchased a new position in shares of Omnicom Group in the 3rd quarter valued at about $200,000. Raymond James & Associates raised its position in shares of Omnicom Group by 3.3% during the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock worth $37,471,000 after acquiring an additional 13,709 shares in the last quarter. Arvest Investments Inc. acquired a new stake in shares of Omnicom Group during the 4th quarter worth about $1,969,000. Finally, Sequoia Financial Advisors LLC raised its position in shares of Omnicom Group by 1,627.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock worth $5,752,000 after acquiring an additional 62,640 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the sale, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Omnicom Group Price Performance

Shares of Omnicom Group stock traded down $0.82 during trading on Friday, reaching $95.89. The company’s stock had a trading volume of 1,723,247 shares, compared to its average volume of 1,566,362. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $18.78 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. Omnicom Group Inc. has a 12-month low of $72.20 and a 12-month high of $99.23. The business has a 50 day moving average price of $92.40 and a 200-day moving average price of $86.15.

Omnicom Group (NYSE:OMC) last released its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the business posted $2.09 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be paid a $0.70 dividend. The ex-dividend date is Friday, March 8th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.92%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Analysts Set New Price Targets

OMC has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Barclays lifted their price target on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. UBS Group began coverage on Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. Moffett Nathanson lifted their price target on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, Macquarie lifted their price target on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.40.

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.