PensionDanmark Pensionsforsikringsaktieselskab Has $674,000 Stake in Omnicom Group Inc. $OMC

PensionDanmark Pensionsforsikringsaktieselskab lowered its position in Omnicom Group Inc. (NYSE:OMC) by 66.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,250 shares of the business services provider’s stock after selling 18,004 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Omnicom Group were worth $674,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OMC. EverSource Wealth Advisors LLC increased its holdings in Omnicom Group by 82.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 869 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Omnicom Group during the second quarter worth $241,000. Gabelli Funds LLC acquired a new stake in shares of Omnicom Group in the second quarter valued at $1,061,000. Daiwa Securities Group Inc. increased its stake in shares of Omnicom Group by 5.3% in the second quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider’s stock valued at $2,113,000 after buying an additional 1,482 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Omnicom Group by 14.1% in the second quarter. Sei Investments Co. now owns 361,266 shares of the business services provider’s stock valued at $25,990,000 after buying an additional 44,746 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC opened at $84.54 on Tuesday. The stock has a 50 day simple moving average of $78.25 and a 200 day simple moving average of $77.02. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.41. The firm has a market capitalization of $23.19 billion, a PE ratio of 72.88, a P/E/G ratio of 0.57 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The company’s revenue was up 63.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. Sell-side analysts predict that Omnicom Group Inc. will post 10.35 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s dividend payout ratio (DPR) is currently 275.86%.

Analysts Set New Price Targets

OMC has been the topic of several research reports. Citigroup reduced their price target on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Morgan Stanley boosted their target price 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. Weiss Ratings upgraded shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target on the stock. Finally, Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target for the company. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group presently has an average rating of “Hold” and an average target price of $99.00.

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.