Donoghue Forlines LLC Boosts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Donoghue Forlines LLC boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC – Get Rating) by 4.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,037 shares of the business services provider’s stock after acquiring an additional 756 shares during the period. Donoghue Forlines LLC’s holdings in Omnicom Group were worth $1,175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clean Yield Group increased its holdings in Omnicom Group by 150.7% during the 4th quarter. Clean Yield Group now owns 341 shares of the business services provider’s stock worth $25,000 after purchasing an additional 205 shares during the period. TCI Wealth Advisors Inc. boosted its position in shares of Omnicom Group by 705.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 411 shares of the business services provider’s stock worth $30,000 after acquiring an additional 360 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Omnicom Group by 475.3% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 489 shares of the business services provider’s stock worth $35,000 after acquiring an additional 404 shares in the last quarter. FSB Premier Wealth Management Inc. acquired a new position in shares of Omnicom Group during the 4th quarter worth about $37,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth about $38,000. Institutional investors own 93.08% of the company’s stock.

In other news, Director Linda Johnson Rice sold 1,900 shares of the stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $77.88, for a total transaction of $147,972.00. Following the completion of the transaction, the director now directly owns 9,784 shares of the company’s stock, valued at approximately $761,977.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Several research analysts have recently issued reports on OMC shares. BMO Capital Markets upped their price objective on Omnicom Group from $82.00 to $89.00 in a research report on Thursday, April 21st. Macquarie upped their target price on Omnicom Group from $85.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, February 10th. Barclays cut Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $103.00 to $90.00 in a research report on Monday, March 14th. Morgan Stanley upped their target price on Omnicom Group from $78.00 to $84.00 and gave the company an “underweight” rating in a research report on Thursday, February 10th. Finally, Wolfe Research upped their target price on Omnicom Group from $81.00 to $85.00 and gave the company a “peer perform” rating in a research report on Wednesday, February 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $88.80.

Omnicom Group stock traded down $1.82 during mid-day trading on Wednesday, reaching $77.82. 22,671 shares of the company were exchanged, compared to its average volume of 1,641,030. Omnicom Group Inc. has a twelve month low of $65.76 and a twelve month high of $91.61. The firm’s 50-day simple moving average is $80.20 and its two-hundred day simple moving average is $76.75. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.85 and a current ratio of 0.94. The firm has a market cap of $16.01 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77.

Omnicom Group (NYSE:OMC – Get Rating) last posted its quarterly earnings data on Tuesday, April 19th. The business services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.11. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Omnicom Group had a return on equity of 37.06% and a net margin of 9.06%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm earned $1.33 EPS. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 6.59 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, June 10th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Thursday, June 9th. Omnicom Group’s dividend payout ratio (DPR) is 46.43%.

About Omnicom Group (Get Rating)

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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