87,133 Shares in Omnicom Group Inc. $OMC Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Omnicom Group Inc. (NYSE:OMC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 87,133 shares of the business services provider’s stock, valued at approximately $6,562,000.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in Omnicom Group by 155.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock worth $7,265,000 after acquiring an additional 55,421 shares during the last quarter. AIA Group Ltd purchased a new position in Omnicom Group in the 3rd quarter worth about $1,376,000. Deprince Race & Zollo Inc. lifted its stake in 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 valued at $42,316,000 after acquiring an additional 133,093 shares during the period. LBP AM SA boosted its holdings in shares of Omnicom Group by 24.2% during the 4th quarter. LBP AM SA now owns 149,672 shares of the business services provider’s stock valued at $12,086,000 after acquiring an additional 29,195 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Omnicom Group by 2,103.2% in the fourth quarter. Nordea Investment Management AB now owns 411,049 shares of the business services provider’s stock worth $33,262,000 after acquiring an additional 392,392 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OMC shares. Argus upgraded shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Morgan Stanley increased their price target on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. UBS Group raised their price target on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Rothschild & Co Redburn began coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $99.38.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $81.72 on Friday. The company has a market cap of $23.29 billion, a P/E ratio of 209.53, a P/E/G ratio of 0.50 and a beta of 0.63. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. The firm’s fifty day moving average is $75.79 and its two-hundred day moving average is $76.81.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 earnings per share. As a group, analysts anticipate that Omnicom Group Inc. will post 10.97 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. Stockholders of record on Friday, September 18th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, September 18th. Omnicom Group’s dividend payout ratio is currently 820.51%.

About Omnicom Group

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.