6,481 Shares in Omnicom Group Inc. $OMC Purchased by Wright Investors Service Inc.

Wright Investors Service Inc. purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,481 shares of the business services provider’s stock, valued at approximately $528,000.

A number of other large investors have also recently modified their holdings of OMC. Bollard Group LLC raised 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 valued at $185,000 after purchasing an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Omnicom Group by 2.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,330 shares of the business services provider’s stock worth $598,000 after buying an additional 145 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Omnicom Group by 4.3% during the third quarter. Geneos Wealth Management Inc. now owns 3,746 shares of the business services provider’s stock valued at $305,000 after buying an additional 156 shares during the period. Resonant Capital Advisors LLC raised its holdings in shares of Omnicom Group by 2.7% in the second quarter. Resonant Capital Advisors LLC now owns 6,288 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 168 shares in the last quarter. Finally, Binnacle Investments Inc raised its holdings in shares of Omnicom Group by 17.7% in the second 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 in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Bank of America reissued an “underperform” rating and set a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Morgan Stanley started coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective for the company. UBS Group increased their target price on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.14.

Omnicom Group Trading Up 0.9%

NYSE OMC opened at $80.88 on Friday. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $89.35. The company has a fifty day simple moving average of $76.56 and a two-hundred day simple moving average of $76.19. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. The stock has a market cap of $15.61 billion, a P/E ratio of 11.95, a P/E/G ratio of 1.33 and a beta of 0.74.

Omnicom Group (NYSE:OMC) last announced 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 firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the business posted $2.03 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a dividend of $0.80 per share. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, December 19th. Omnicom Group’s dividend payout ratio (DPR) is 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.