Mitsubishi UFJ Asset Management Co. Ltd. Has $54.82 Million Stock Holdings in Omnicom Group Inc. $OMC

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 70.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 674,065 shares of the business services provider’s stock after purchasing an additional 277,665 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Omnicom Group were worth $54,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its position in Omnicom Group by 2.0% during the third 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. Leonard Rickey Investment Advisors P.L.L.C. grew its position in Omnicom Group by 4.1% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock worth $305,000 after buying an additional 147 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in Omnicom Group by 7.9% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock worth $166,000 after buying an additional 149 shares in the last quarter. Impact Partnership Wealth LLC grew its position in Omnicom Group by 3.1% during the third quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider’s stock worth $401,000 after buying an additional 150 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in 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 worth $305,000 after buying an additional 156 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Up 0.2%

Shares of OMC opened at $77.04 on Friday. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The company has a 50-day moving average price of $78.07 and a two-hundred day moving average price of $76.78. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $21.96 billion, a price-to-earnings ratio of 197.55, a P/E/G ratio of 0.46 and a beta of 0.66.

Omnicom Group (NYSE:OMC) last posted its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. Omnicom Group’s quarterly revenue was up 69.2% compared to the same quarter last year. Equities analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group declared that its board has initiated a share repurchase plan on Wednesday, February 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the business services provider to reacquire up to 38.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be paid a $0.80 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.2%. Omnicom Group’s payout ratio is 820.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on OMC shares. UBS Group lifted their target price on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Barclays raised their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Citigroup cut their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Morgan Stanley raised their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Argus upgraded shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $93.71.

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.