Cwm LLC Buys 2,184 Shares of Omnicom Group Inc. (NYSE:OMC)

Cwm LLC lifted its position in shares of Omnicom Group Inc. (NYSE:OMCFree Report) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,097 shares of the business services provider’s stock after purchasing an additional 2,184 shares during the period. Cwm LLC’s holdings in Omnicom Group were worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Beutel Goodman & Co Ltd. boosted its holdings in Omnicom Group by 1.0% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 4,197,767 shares of the business services provider’s stock valued at $363,148,000 after acquiring an additional 42,075 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Omnicom Group by 98.3% during the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock worth $225,842,000 after buying an additional 1,503,249 shares during the period. First Trust Advisors LP raised its stake in Omnicom Group by 7.7% during the fourth quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock worth $224,832,000 after buying an additional 186,562 shares during the last quarter. Northern Trust Corp lifted its holdings in Omnicom Group by 13.2% in the third quarter. Northern Trust Corp now owns 2,590,980 shares of the business services provider’s stock valued at $192,976,000 after buying an additional 301,927 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Omnicom Group by 1.9% in the fourth quarter. Baird Financial Group Inc. now owns 2,370,253 shares of the business services provider’s stock valued at $205,051,000 after buying an additional 43,861 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on OMC. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Thursday, March 28th. Macquarie boosted their target price on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. Finally, Moffett Nathanson boosted their price objective 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 assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.40.

Read Our Latest Stock Analysis on OMC

Insider Activity

In other Omnicom Group news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total value of $41,984.04. Following the completion of the transaction, the director now directly owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Omnicom Group Stock Performance

Shares of OMC traded up $1.08 during mid-day trading on Wednesday, hitting $91.16. The stock had a trading volume of 1,535,720 shares, compared to its average volume of 1,291,331. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The business has a fifty day moving average price of $93.13 and a 200-day moving average price of $90.48. The firm has a market cap of $17.85 billion, a P/E ratio of 12.32, a PEG ratio of 2.10 and a beta of 0.96.

Omnicom Group (NYSE:OMCGet Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.15. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. On average, equities research analysts expect that Omnicom Group Inc. will post 7.84 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.07%. Omnicom Group’s dividend payout ratio is currently 37.84%.

About Omnicom Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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