Omnicom Group Inc. $OMC Stake Lifted by Kendall Capital Management

Kendall Capital Management increased its stake in Omnicom Group Inc. (NYSE:OMC) by 14.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 96,201 shares of the business services provider’s stock after buying an additional 11,926 shares during the period. Omnicom Group accounts for approximately 1.6% of Kendall Capital Management’s portfolio, making the stock its 9th largest position. Kendall Capital Management’s holdings in Omnicom Group were worth $7,768,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OMC. Oppenheimer Asset Management Inc. grew its stake in shares of Omnicom Group by 15.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 108,310 shares of the business services provider’s stock valued at $8,831,000 after buying an additional 14,368 shares during the period. Principal Financial Group Inc. raised its position in shares of Omnicom Group by 18.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,877,462 shares of the business services provider’s stock worth $153,068,000 after buying an additional 295,379 shares during the period. Jackson Creek Investment Advisors LLC acquired a new position in Omnicom Group in the third quarter valued at $870,000. AustralianSuper Pty Ltd boosted its holdings in Omnicom Group by 24.2% in the third quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock valued at $10,579,000 after acquiring an additional 25,317 shares during the last quarter. Finally, National Pension Service grew its position in Omnicom Group by 35.3% during the third quarter. National Pension Service now owns 111,161 shares of the business services provider’s stock valued at $9,063,000 after acquiring an additional 29,014 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on OMC shares. Morgan Stanley assumed 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 boosted their target price on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Bank of America restated an “underperform” rating and issued a $77.00 price target (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Argus raised shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Finally, UBS Group boosted their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $95.86.

Omnicom Group Trading Down 0.6%

Shares of OMC opened at $74.76 on Friday. The stock’s 50-day moving average is $76.86 and its two-hundred day moving average is $76.91. The stock has a market cap of $21.31 billion, a PE ratio of 152.58, a P/E/G ratio of 0.62 and a beta of 0.73. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last posted its earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). The company had revenue of $5.53 billion during the quarter, compared to analyst estimates of $7.58 billion. Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. Omnicom Group’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 EPS. Equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 annualized dividend and a yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is 653.06%.

Omnicom Group declared that its board has approved a share repurchase program on Wednesday, February 18th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 38.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

About Omnicom Group

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.