Brandes Investment Partners LP Has $87.96 Million Stock Position in Omnicom Group Inc. $OMC

Brandes Investment Partners LP lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 42.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,089,323 shares of the business services provider’s stock after purchasing an additional 325,453 shares during the quarter. Brandes Investment Partners LP’s holdings in Omnicom Group were worth $87,963,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management increased its stake in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of Omnicom Group during the 4th quarter worth $26,000. Elyxium Wealth LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth $26,000. Legacy Wealth Managment LLC ID increased its stake in shares of Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after purchasing an additional 176 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth $32,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $75.57 on Wednesday. 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 fifty-two week low of $66.33 and a fifty-two week high of $87.17. The firm has a fifty day moving average price of $75.48 and a two-hundred day moving average price of $76.63. The company has a market cap of $21.54 billion, a PE ratio of 193.77, a price-to-earnings-growth ratio of 0.45 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share 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 firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the prior year, the firm earned $1.70 EPS. The business’s revenue was up 69.2% on a year-over-year basis. Analysts expect that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the business services provider to purchase up to 38.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Omnicom Group Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on OMC. Morgan Stanley increased 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. UBS Group increased their price target 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. Argus upgraded shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Citigroup dropped their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Five 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 stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and a consensus price target of $99.00.

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.