HBW Advisory Services LLC Boosts Position in Omnicom Group Inc. (NYSE:OMC)

HBW Advisory Services LLC lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,278 shares of the business services provider’s stock after acquiring an additional 661 shares during the quarter. HBW Advisory Services LLC’s holdings in Omnicom Group were worth $2,691,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares during the period. Geode Capital Management LLC lifted its position in Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after buying an additional 72,447 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Omnicom Group by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider’s stock valued at $205,682,000 after buying an additional 364,665 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Omnicom Group by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,420,264 shares of the business services provider’s stock worth $127,398,000 after buying an additional 81,598 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Omnicom Group by 0.3% in the 2nd quarter. American Century Companies Inc. now owns 997,959 shares of the business services provider’s stock worth $89,517,000 after acquiring an additional 2,797 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. This represents a 14.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on OMC shares. Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. UBS Group raised their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays increased their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $110.00.

Omnicom Group Price Performance

Omnicom Group stock traded down $1.86 during midday trading on Friday, reaching $82.28. 1,955,650 shares of the stock traded hands, compared to its average volume of 1,969,763. The stock has a market cap of $16.05 billion, a P/E ratio of 11.24, a PEG ratio of 2.07 and a beta of 0.98. The stock’s fifty day moving average is $95.58 and its 200-day moving average is $96.67. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 12 month low of $81.85 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the previous year, the firm posted $1.86 earnings per share. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, December 20th. Omnicom Group’s dividend payout ratio is presently 38.25%.

Omnicom Group Company 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.