Omnicom Group Inc. $OMC Stock Holdings Lifted by Amundi

Amundi increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 14.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,855,077 shares of the business services provider’s stock after acquiring an additional 240,219 shares during the quarter. Amundi’s holdings in Omnicom Group were worth $147,801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMC. Harbour Investments Inc. lifted its holdings in shares of Omnicom Group by 39.1% in the first quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 173 shares in the last quarter. Vanguard Group Inc. raised its position in Omnicom Group by 1.8% during the first quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider’s stock valued at $1,945,629,000 after buying an additional 424,936 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Omnicom Group by 12.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 350,196 shares of the business services provider’s stock worth $29,035,000 after acquiring an additional 38,181 shares in the last quarter. Citigroup Inc. boosted its position in Omnicom Group by 42.1% during the 1st quarter. Citigroup Inc. now owns 430,864 shares of the business services provider’s stock worth $35,723,000 after acquiring an additional 127,749 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new position in Omnicom Group during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Up 4.7%

OMC stock opened at $73.48 on Monday. 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 Inc. has a 1 year low of $68.37 and a 1 year high of $104.03. The company has a fifty day simple moving average of $75.44 and a 200 day simple moving average of $74.68. The firm has a market cap of $14.18 billion, a PE ratio of 10.85, a PEG ratio of 1.17 and a beta of 0.75.

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

Omnicom Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s dividend payout ratio (DPR) is 41.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OMC shares. Barclays increased their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Finally, UBS Group boosted their price target on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus price target of $97.14.

Omnicom Group Company 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.