Omnicom Group Inc. $OMC Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its stake in Omnicom Group Inc. (NYSE:OMC) by 199.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,735 shares of the business services provider’s stock after acquiring an additional 39,099 shares during the quarter. KCM Investment Advisors LLC’s holdings in Omnicom Group were worth $4,743,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Activest Wealth Management raised its holdings in shares of Omnicom Group by 2,960.0% in the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after acquiring an additional 296 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Omnicom Group in the fourth quarter valued at $26,000. Elyxium Wealth LLC purchased a new stake in shares of Omnicom Group in the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID grew its position in shares of Omnicom Group by 111.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Omnicom Group in the fourth quarter valued at $32,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

OMC stock opened at $76.52 on Friday. The stock has a 50-day moving average price of $75.49 and a two-hundred day moving average price of $76.65. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.17. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market cap of $21.81 billion, a PE ratio of 196.21, a price-to-earnings-growth ratio of 0.46 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results 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. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. The firm’s quarterly revenue was up 69.2% compared to the same quarter last year. As a group, research analysts predict that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group announced that its board has initiated a share buyback plan on Wednesday, February 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 38.1% of its shares through open market purchases. Shares buyback plans are usually 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, July 9th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s payout ratio is 820.51%.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of recent analyst reports. Argus raised Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. UBS Group lifted their price objective on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Morgan Stanley lifted their price objective on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Rothschild & Co Redburn initiated coverage on Omnicom Group in a research report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective for the company. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Omnicom Group has an average rating of “Hold” and a consensus 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.