Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Stake in Omnicom Group Inc. (NYSE:OMC)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,591 shares of the business services provider’s stock after buying an additional 2,505 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Omnicom Group were worth $3,512,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Greenleaf Trust raised its holdings in Omnicom Group by 0.5% in the 4th quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock valued at $1,932,000 after acquiring an additional 119 shares during the last quarter. Cambridge Trust Co. lifted its position in Omnicom Group by 4.2% during the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after buying an additional 121 shares during the period. Great Valley Advisor Group Inc. lifted its position in Omnicom Group by 2.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after buying an additional 124 shares during the period. Pinnacle Bancorp Inc. boosted its stake in Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares during the last quarter. Finally, Czech National Bank grew its holdings in Omnicom Group by 0.4% in the 4th quarter. Czech National Bank now owns 34,666 shares of the business services provider’s stock valued at $2,999,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Up 1.6 %

Omnicom Group stock traded up $1.53 during trading on Tuesday, reaching $94.72. 1,864,494 shares of the company’s stock were exchanged, compared to its average volume of 1,650,534. The company’s 50-day moving average is $93.12 and its two-hundred day moving average is $87.14. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a 52-week low of $72.20 and a 52-week high of $99.23. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 2.18 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last issued 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. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 earnings per share. On average, analysts predict that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. Omnicom Group’s payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Macquarie increased their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Thursday, March 28th. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $100.00 to $110.00 in a report on Tuesday. Finally, Moffett Nathanson lifted their target price on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.40.

Insider Activity at Omnicom Group

In other news, Director Linda Johnson Rice sold 453 shares of Omnicom Group stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the sale, the director now directly owns 9,830 shares of the company’s stock, valued at $911,044.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

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.