Kesler Norman & Wride LLC Has $1.66 Million Stake in Omnicom Group Inc. $OMC

Kesler Norman & Wride LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 79.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,493 shares of the business services provider’s stock after purchasing an additional 9,044 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Omnicom Group were worth $1,655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OMC. Vanguard Group Inc. raised its position in shares of Omnicom Group by 64.2% in the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after buying an additional 15,220,444 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Omnicom Group in the third quarter valued at approximately $515,145,000. Geode Capital Management LLC raised its position in shares of Omnicom Group by 57.1% in the fourth quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after buying an additional 3,117,188 shares in the last quarter. State Street Corp raised its position in shares of Omnicom Group by 15.8% in the third quarter. State Street Corp now owns 16,863,327 shares of the business services provider’s stock valued at $1,384,980,000 after buying an additional 2,298,652 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Omnicom Group by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock valued at $660,969,000 after buying an additional 1,893,316 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OMC has been the subject of a number of analyst reports. UBS Group lifted their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Citigroup dropped 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 report on Thursday, April 30th. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target for the company. Argus upgraded shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Finally, Morgan Stanley lifted their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $99.00.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $75.16 on Wednesday. The company’s 50 day simple moving average is $75.49 and its 200 day simple moving average is $76.54. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 192.72, a price-to-earnings-growth ratio of 0.46 and a beta of 0.63. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. 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 quarterly earnings data 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. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. As a group, research analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Announces Dividend

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 paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

Omnicom Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 38.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors 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.