CW Advisors LLC Buys 96,540 Shares of Omnicom Group Inc. $OMC

CW Advisors LLC lifted its position in Omnicom Group Inc. (NYSE:OMC) by 139.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,688 shares of the business services provider’s stock after buying an additional 96,540 shares during the quarter. CW Advisors LLC owned approximately 0.09% of Omnicom Group worth $11,920,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new stake in Omnicom Group in the 2nd quarter worth approximately $29,000. Zions Bancorporation National Association UT purchased a new stake in shares of Omnicom Group in the first quarter worth $34,000. Ameritas Advisory Services LLC bought a new stake in Omnicom Group during the second quarter valued at $34,000. Gen Wealth Partners Inc purchased a new position in Omnicom Group during the first quarter worth about $36,000. Finally, CGC Financial Services LLC bought a new position in Omnicom Group in the 2nd quarter worth about $45,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $70.98 on Thursday. The stock’s 50-day moving average is $75.62 and its 200 day moving average is $74.74. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 1.15 and a beta of 0.75. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $104.22. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.Omnicom Group’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 earnings per share. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.5%. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s payout ratio is 47.27%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Barclays raised their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target of $96.57.

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.