Wealth Enhancement Advisory Services LLC Increases Holdings in Omnicom Group Inc. $OMC

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 155.3% in the 4th quarter, HoldingsChannel reports. The fund owned 91,116 shares of the business services provider’s stock after buying an additional 55,421 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Omnicom Group were worth $7,265,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OMC. Capital A Wealth Management LLC boosted its holdings in shares of Omnicom Group by 548.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock valued at $27,000 after buying an additional 318 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in Omnicom Group by 2,126.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 319 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Omnicom Group by 289.4% in the third quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the last quarter. Westside Investment Management Inc. lifted its position in Omnicom Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 202 shares during the last quarter. Finally, Wealth Watch Advisors INC acquired a new position in Omnicom Group in the third quarter valued at $34,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Stock Down 1.9%

Shares of NYSE OMC opened at $73.85 on Friday. The stock has a market capitalization of $22.92 billion, a price-to-earnings ratio of 150.70, a price-to-earnings-growth ratio of 0.61 and a beta of 0.71. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $87.17. The firm has a 50-day moving average price of $77.16 and a 200 day moving average price of $76.96. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.60.

Omnicom Group (NYSE:OMC) last issued its earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The company had revenue of $5.53 billion during the quarter, compared to analysts’ expectations of $7.58 billion. During the same period last year, the business posted $2.41 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. Equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group announced that its Board of Directors has approved a share buyback plan on Wednesday, February 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 38.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. Omnicom Group’s dividend payout ratio is currently 653.06%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays upped their target price on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. UBS Group raised their price objective on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Bank of America restated an “underperform” rating and issued a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Finally, Morgan Stanley started coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.86.

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.