Patron Partners LLC Takes Position in Omnicom Group Inc. $OMC

Patron Partners LLC purchased a new stake in Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,799 shares of the business services provider’s stock, valued at approximately $630,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in shares of Omnicom Group by 4.1% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 147 shares in the last quarter. Wakefield Asset Management LLLP boosted its holdings in shares of Omnicom Group by 2.6% during the 4th quarter. Wakefield Asset Management LLLP now owns 5,910 shares of the business services provider’s stock valued at $477,000 after acquiring an additional 149 shares in the last quarter. Hartford Financial Management Inc. boosted its holdings in shares of Omnicom Group by 27.0% during the 4th quarter. Hartford Financial Management Inc. now owns 762 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 162 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC boosted its holdings in shares of Omnicom Group by 3.5% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,897 shares of the business services provider’s stock valued at $395,000 after acquiring an additional 167 shares in the last quarter. Finally, Binnacle Investments Inc boosted its holdings in shares of Omnicom Group by 17.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,124 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 169 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OMC shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Rothschild & Co Redburn initiated coverage on Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price on the stock. UBS Group lifted their target price on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. The Goldman Sachs Group initiated coverage on Omnicom Group in a report on Wednesday. They set a “buy” rating and a $146.00 target price on the stock. Finally, Barclays lifted their target price on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Hold” and an average price target of $99.00.

Omnicom Group Stock Down 0.5%

Shares of NYSE:OMC opened at $75.28 on Friday. The company has a market capitalization of $21.46 billion, a price-to-earnings ratio of 193.03, a P/E/G ratio of 0.45 and a beta of 0.63. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The business’s 50-day moving average is $75.45 and its 200-day moving average is $76.57. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. Equities research analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group declared that its Board of Directors has initiated a share repurchase 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 purchase up to 38.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Omnicom Group Dividend Announcement

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 paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s 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.