Omnicom Group Inc. (NYSE:OMC) Shares Bought by Kendall Capital Management

Kendall Capital Management boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 83,685 shares of the business services provider’s stock after buying an additional 1,365 shares during the quarter. Omnicom Group accounts for 2.1% of Kendall Capital Management’s investment portfolio, making the stock its 5th biggest position. Kendall Capital Management’s holdings in Omnicom Group were worth $7,200,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OMC. ST Germain D J Co. Inc. acquired a new position in Omnicom Group during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its position in shares of Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 195 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after buying an additional 490 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Omnicom Group in the third quarter valued at approximately $55,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on OMC shares. Wells Fargo & Company cut their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, Barclays dropped their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Performance

NYSE:OMC opened at $84.90 on Friday. The stock has a market cap of $16.68 billion, a P/E ratio of 11.40, a PEG ratio of 1.94 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a 50 day simple moving average of $84.42 and a 200 day simple moving average of $94.35. Omnicom Group Inc. has a 1-year low of $79.57 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the previous year, the firm posted $2.20 earnings per share. Research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.30%. Omnicom Group’s dividend payout ratio is presently 37.58%.

About Omnicom Group

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.