Stiles Financial Services Inc Trims Stock Position in Omnicom Group Inc. $OMC

Stiles Financial Services Inc cut its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 34.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,127 shares of the business services provider’s stock after selling 8,496 shares during the period. Stiles Financial Services Inc’s holdings in Omnicom Group were worth $1,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OMC. Oppenheimer Asset Management Inc. increased its position in 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 worth $8,831,000 after purchasing an additional 14,368 shares during the period. Principal Financial Group Inc. increased its position in Omnicom Group by 18.7% during 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 purchasing an additional 295,379 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Omnicom Group in the 3rd quarter worth approximately $870,000. AustralianSuper Pty Ltd grew its holdings in shares of Omnicom Group by 24.2% in the 3rd quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock worth $10,579,000 after acquiring an additional 25,317 shares during the period. Finally, National Pension Service grew its holdings in shares of Omnicom Group by 35.3% in the 3rd quarter. National Pension Service now owns 111,161 shares of the business services provider’s stock worth $9,063,000 after acquiring an additional 29,014 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Up 0.2%

Shares of Omnicom Group stock opened at $77.04 on Friday. The business has a 50-day moving average of $78.07 and a 200-day moving average of $76.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The company has a market capitalization of $21.96 billion, a PE ratio of 197.55, a P/E/G ratio of 0.46 and a beta of 0.66. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $87.17.

Omnicom Group (NYSE:OMC) last announced its earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.06. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The company’s revenue was up 69.2% on a year-over-year basis. During the same period last year, the firm earned $1.70 earnings per share. As a group, equities analysts forecast that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

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

Omnicom Group announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 38.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OMC shares. Barclays upped their price target on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Morgan Stanley upped their target price on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Argus raised Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Finally, UBS Group increased their price target on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group has an average rating of “Hold” and an average target price of $93.71.

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.