Louisiana State Employees Retirement System Invests $1.21 Million in Omnicom Group Inc. $OMC

Louisiana State Employees Retirement System bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the 1st quarter, HoldingsChannel reports. The fund bought 16,000 shares of the business services provider’s stock, valued at approximately $1,205,000.

A number of other institutional investors and hedge funds have also made changes to their positions in OMC. Wealth Enhancement Advisory Services LLC grew its position in shares of Omnicom Group by 155.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock valued at $7,265,000 after purchasing an additional 55,421 shares during the last quarter. AIA Group Ltd purchased a new position in shares of Omnicom Group during the 3rd quarter worth approximately $1,376,000. Deprince Race & Zollo Inc. raised its position in shares of Omnicom Group by 34.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 524,037 shares of the business services provider’s stock worth $42,316,000 after purchasing an additional 133,093 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Omnicom Group by 2,103.2% during the 4th quarter. Nordea Investment Management AB now owns 411,049 shares of the business services provider’s stock worth $33,262,000 after purchasing an additional 392,392 shares during the last quarter. Finally, Disciplined Equity Management Inc. purchased a new stake in Omnicom Group in the 4th quarter valued at approximately $1,343,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OMC shares. UBS Group increased their target price on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Rothschild & Co Redburn began coverage on Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price target for the company. Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Finally, The Goldman Sachs Group started coverage on Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $99.00.

Omnicom Group Stock Performance

Shares of OMC opened at $78.55 on Friday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company’s 50 day simple moving average is $74.87 and its 200 day simple moving average is $76.75. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 201.41, a PEG ratio of 0.47 and a beta of 0.63. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.84 by $0.06. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. Omnicom Group’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. On average, sell-side analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.1%. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

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.