Pacer Advisors Inc. Purchases 1,530,743 Shares of Omnicom Group Inc. $OMC

Pacer Advisors Inc. boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 116.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,847,575 shares of the business services provider’s stock after acquiring an additional 1,530,743 shares during the period. Pacer Advisors Inc.’s holdings in Omnicom Group were worth $214,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Deprince Race & Zollo Inc. increased its stake in Omnicom Group by 34.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 524,037 shares of the business services provider’s stock valued at $42,316,000 after acquiring an additional 133,093 shares during the last quarter. LBP AM SA lifted its stake in Omnicom Group by 24.2% during the fourth quarter. LBP AM SA now owns 149,672 shares of the business services provider’s stock worth $12,086,000 after purchasing an additional 29,195 shares during the last quarter. Ascent Group LLC bought a new stake in Omnicom Group during the fourth quarter worth about $1,486,000. Berger Financial Group Inc purchased a new position in shares of Omnicom Group in the 4th quarter worth about $5,564,000. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Omnicom Group by 55.4% during the 4th quarter. Resona Asset Management Co. Ltd. now owns 98,842 shares of the business services provider’s stock valued at $7,976,000 after purchasing an additional 35,247 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Key Omnicom Group News

Here are the key news stories impacting Omnicom Group this week:

• Positive Sentiment: Wells Fargo raised its price target for Omnicom Group to $93 from $91 and maintained an “overweight” rating, citing potential upside from the company’s operating outlook. Wells Fargo price-target update
• Positive Sentiment: Citigroup lowered its target to $100 from $105 but retained a “buy” rating. The reduced target still implies substantial upside and suggests analysts view the recent weakness as an opportunity rather than a fundamental break in the investment case. Citigroup price-target update
• Positive Sentiment: Analysts highlighted Omnicom’s data and analytics investments, integrated media capabilities and merger-related cost synergies as potential drivers of longer-term revenue growth and profitability. Omnicom data and analytics outlook
• Neutral Sentiment: Omnicom’s latest quarter produced $6.56 billion in revenue, above the $6.44 billion consensus and up 63.4% year over year, while EPS of $2.65 narrowly missed the $2.67 estimate. The mixed result helps explain why strong sales growth has not translated into a clear stock catalyst. Omnicom Q2 earnings call highlights
• Neutral Sentiment: International revenue remains an important factor in Wall Street’s forecasts, making foreign-market performance and currency or regional risks relevant to the stock’s outlook. Omnicom international revenue analysis
• Negative Sentiment: Investors remain concerned about higher debt, integration expenses and margin pressure following the merger. Analysts have also trimmed estimates, creating uncertainty over how quickly anticipated synergies will improve earnings. Omnicom valuation analysis
• Negative Sentiment: Some commentary argues that OMC’s valuation and recent multiyear gains leave the shares vulnerable to profit-taking if organic growth or post-merger execution disappoints. Omnicom valuation commentary

Omnicom Group Trading Up 0.2%

NYSE OMC opened at $78.86 on Monday. The firm has a market cap of $21.64 billion, a PE ratio of 67.98, a price-to-earnings-growth ratio of 0.52 and a beta of 0.63. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $87.41. The stock has a 50-day moving average of $77.29 and a 200-day moving average of $76.88. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a dividend yield of 4.1%. Omnicom Group’s dividend payout ratio (DPR) is currently 275.86%.

Analyst Ratings Changes

OMC has been the topic of a number of research reports. Citigroup decreased their price objective on Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group began coverage on Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 target price for the company. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target on the stock. Morgan Stanley lifted 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. Finally, Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Hold” and a consensus 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.