Northwestern Mutual Wealth Management Co. Purchases Shares of 36,085 Omnicom Group Inc. $OMC

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 36,085 shares of the business services provider’s stock, valued at approximately $2,628,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OMC. Activest Wealth Management boosted its stake in shares of Omnicom Group by 2,960.0% during the 4th 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 period. Keating Financial Advisory Services Inc. acquired a new position in shares of Omnicom Group during the 2nd quarter worth approximately $25,000. Elyxium Wealth LLC bought a new stake in Omnicom Group in the 4th quarter valued at $26,000. Legacy Wealth Managment LLC ID raised its stake in 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 period. Finally, EFG International AG acquired a new stake in Omnicom Group during the 4th quarter valued at $28,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

NYSE:OMC opened at $88.94 on Tuesday. The company has a market cap of $24.40 billion, a price-to-earnings ratio of 76.68, a PEG ratio of 0.58 and a beta of 0.64. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $89.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. The stock has a fifty day moving average price of $80.59 and a 200-day moving average price of $77.72.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The firm had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the business earned $2.05 earnings per share. The business’s revenue was up 63.4% compared to the same quarter last year. As a group, equities analysts anticipate that Omnicom Group Inc. will post 10.35 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s dividend payout ratio is presently 275.86%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OMC shares. Zacks Research cut shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Wells Fargo & Company increased their price objective on shares of Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price for the company. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Finally, Morgan Stanley upped their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and an average price target of $99.00.

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.