Pacer Advisors Inc. Decreases Stock Position in Omnicom Group Inc. $OMC

Pacer Advisors Inc. decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 1.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,534,940 shares of the business services provider’s stock after selling 35,083 shares during the period. Pacer Advisors Inc.’s holdings in Omnicom Group were worth $206,674,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of OMC. Bollard Group LLC grew its position in Omnicom Group by 6.0% during the 2nd quarter. Bollard Group LLC now owns 2,569 shares of the business services provider’s stock worth $185,000 after purchasing an additional 145 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in shares of Omnicom Group by 2.7% during the second quarter. Resonant Capital Advisors LLC now owns 6,288 shares of the business services provider’s stock valued at $457,000 after buying an additional 168 shares during the last quarter. Binnacle Investments Inc increased its position in shares of Omnicom Group by 17.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 169 shares during the period. EPG Wealth Management LLC raised its stake in Omnicom Group by 2.3% in the 2nd quarter. EPG Wealth Management LLC now owns 7,738 shares of the business services provider’s stock worth $557,000 after acquiring an additional 175 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in Omnicom Group by 24.0% in the 3rd quarter. Private Trust Co. NA now owns 956 shares of the business services provider’s stock worth $78,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OMC shares. Morgan Stanley initiated coverage on Omnicom Group in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective on the stock. Barclays increased their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Finally, UBS Group boosted their target price on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $92.57.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $79.95 on Friday. Omnicom Group Inc. has a 12 month low of $68.37 and a 12 month high of $89.35. The firm has a market capitalization of $15.43 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.27 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The company’s fifty day moving average price is $75.66 and its 200 day moving average price is $75.30.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the company posted $2.03 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, December 19th. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. Omnicom Group’s dividend payout ratio is currently 47.27%.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.