Wealthfront Advisers LLC Buys 9,518 Shares of Omnicom Group Inc. $OMC

Wealthfront Advisers LLC raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,328 shares of the business services provider’s stock after purchasing an additional 9,518 shares during the quarter. Wealthfront Advisers LLC’s holdings in Omnicom Group were worth $2,691,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OMC. Vanguard Group Inc. raised its holdings in Omnicom Group by 64.2% during the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock worth $3,143,930,000 after buying an additional 15,220,444 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in Omnicom Group during the third quarter worth $515,145,000. Bank of New York Mellon Corp raised its holdings in Omnicom Group by 73.6% during the third quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock worth $542,376,000 after buying an additional 2,820,553 shares during the last quarter. State Street Corp raised its holdings in Omnicom Group by 15.8% during the third quarter. State Street Corp now owns 16,863,327 shares of the business services provider’s stock worth $1,384,980,000 after buying an additional 2,298,652 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Omnicom Group by 30.5% during the third quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock worth $660,969,000 after buying an additional 1,893,316 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE OMC opened at $77.02 on Friday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.81. The firm has a market cap of $21.95 billion, a price-to-earnings ratio of 197.49, a PEG ratio of 0.59 and a beta of 0.66. The company has a fifty day moving average price of $78.37 and a 200-day moving average price of $76.81.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $5.85 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The business’s revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts predict that Omnicom Group Inc. will post 10.92 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th were paid a $0.80 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. Omnicom Group’s dividend payout ratio is presently 820.51%.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OMC shares. Barclays upped their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Citigroup lowered their price objective on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Morgan Stanley upped 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. Finally, Argus upgraded shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.71.

Omnicom Group 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.