EP Wealth Advisors LLC Increases Stake in Omnicom Group Inc. (NYSE:OMC)

EP Wealth Advisors LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 5.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,935 shares of the business services provider’s stock after purchasing an additional 269 shares during the period. EP Wealth Advisors LLC’s holdings in Omnicom Group were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Balyasny Asset Management L.P. purchased a new stake in Omnicom Group during the 4th quarter valued at $93,634,000. Morningstar Investment Services LLC boosted its position in Omnicom Group by 98.7% during the 4th quarter. Morningstar Investment Services LLC now owns 1,199,557 shares of the business services provider’s stock valued at $104,037,000 after buying an additional 595,746 shares during the period. Point72 Asset Management L.P. boosted its position in Omnicom Group by 88.9% during the 4th quarter. Point72 Asset Management L.P. now owns 1,161,477 shares of the business services provider’s stock valued at $100,479,000 after buying an additional 546,577 shares during the period. Junto Capital Management LP purchased a new stake in Omnicom Group during the 4th quarter valued at $43,502,000. Finally, Scout Investments Inc. purchased a new stake in Omnicom Group during the 1st quarter valued at $36,715,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 2.2 %

OMC stock traded up $2.08 during trading on Friday, hitting $95.43. 2,018,439 shares of the stock traded hands, compared to its average volume of 1,741,401. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $98.06. The firm’s 50 day moving average is $91.38 and its two-hundred day moving average is $91.52. The stock has a market cap of $18.67 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 16th. The business services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the firm posted $1.81 EPS. Omnicom Group’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.93%. The ex-dividend date is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OMC. Moffett Nathanson increased their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. upped their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, UBS Group upped their price objective on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.70.

Insider Activity at Omnicom Group

In other news, Director Linda Johnson Rice sold 453 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the sale, the director now owns 9,830 shares of the company’s stock, valued at approximately $911,044.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.