Omnicom Group Inc. (NYSE:OMC) Shares Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 36.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,180 shares of the business services provider’s stock after purchasing an additional 1,393 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Omnicom Group were worth $446,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Omnicom Group in the 2nd quarter valued at approximately $1,259,000. Czech National Bank grew its holdings in Omnicom Group by 6.8% in the third quarter. Czech National Bank now owns 39,855 shares of the business services provider’s stock valued at $4,121,000 after purchasing an additional 2,536 shares during the last quarter. Mather Group LLC. increased its position in shares of Omnicom Group by 7.4% in the third quarter. Mather Group LLC. now owns 2,413 shares of the business services provider’s stock valued at $250,000 after buying an additional 166 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Omnicom Group during the 3rd quarter worth $292,000. Finally, Brookstone Capital Management acquired a new stake in Omnicom Group in the 3rd quarter valued at about $294,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on OMC. Macquarie reissued an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Barclays decreased their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. UBS Group upped their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Price Performance

OMC opened at $83.76 on Friday. The company has a 50 day moving average of $88.88 and a two-hundred day moving average of $96.01. Omnicom Group Inc. has a 52-week low of $81.42 and a 52-week high of $107.00. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The company has a market cap of $16.46 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.89 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the prior year, the company posted $2.20 earnings per share. On average, analysts expect that Omnicom Group Inc. will post 7.99 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.34%. Omnicom Group’s payout ratio is currently 37.58%.

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.