Total Wealth Planning & Management Inc. Takes Position in Omnicom Group Inc. $OMC

Total Wealth Planning & Management Inc. bought a new stake in Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,157 shares of the business services provider’s stock, valued at approximately $1,224,000. Omnicom Group comprises approximately 0.9% of Total Wealth Planning & Management Inc.’s portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management lifted its stake in shares of Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 296 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of Omnicom Group in the 4th quarter valued at about $26,000. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC lifted its stake in shares of Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 319 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 2.5%

Shares of NYSE:OMC opened at $75.62 on Friday. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The firm has a market capitalization of $21.55 billion, a P/E ratio of 193.90, a P/E/G ratio of 0.44 and a beta of 0.63. The stock has a 50 day moving average price of $75.46 and a 200-day moving average price of $76.57. 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 posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.70 EPS. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be paid a $0.80 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. Omnicom Group’s dividend payout ratio is presently 820.51%.

Omnicom Group announced that its board has authorized a stock repurchase program on Wednesday, February 18th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 38.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OMC. Morgan Stanley boosted their target price on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Rothschild & Co Redburn initiated coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target for the company. Argus raised Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Finally, Citigroup lowered their price target on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.