Empowered Funds LLC Raises Holdings in Omnicom Group Inc. (NYSE:OMC)

Empowered Funds LLC increased its position in Omnicom Group Inc. (NYSE:OMC) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 112,129 shares of the business services provider’s stock after purchasing an additional 4,420 shares during the period. Empowered Funds LLC owned 0.06% of Omnicom Group worth $9,648,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. lifted its stake in Omnicom Group by 3.7% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,626 shares of the business services provider’s stock valued at $484,000 after buying an additional 200 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Omnicom Group by 7.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 7,715 shares of the business services provider’s stock valued at $664,000 after acquiring an additional 554 shares during the period. Apollon Wealth Management LLC raised its position in Omnicom Group by 7.9% in the 4th quarter. Apollon Wealth Management LLC now owns 23,227 shares of the business services provider’s stock valued at $1,998,000 after purchasing an additional 1,705 shares during the last quarter. Mezzasalma Advisors LLC boosted its stake in Omnicom Group by 36.8% during the 4th quarter. Mezzasalma Advisors LLC now owns 5,180 shares of the business services provider’s stock worth $446,000 after purchasing an additional 1,393 shares during the period. Finally, TFG Advisers LLC grew its position in Omnicom Group by 3.8% during the 4th quarter. TFG Advisers LLC now owns 13,005 shares of the business services provider’s stock worth $1,119,000 after purchasing an additional 479 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company reduced their price objective on 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 lowered their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Trading Down 0.6 %

NYSE:OMC opened at $83.76 on Monday. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00. The stock has a fifty day moving average price of $88.46 and a two-hundred day moving average price of $95.98. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.94 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 analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the prior year, the firm posted $2.20 earnings per share. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

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