Cwm LLC Acquires 11,384 Shares of Omnicom Group Inc. $OMC

Cwm LLC lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 20.4% during the third quarter, HoldingsChannel.com reports. The firm owned 67,127 shares of the business services provider’s stock after purchasing an additional 11,384 shares during the period. Cwm LLC’s holdings in Omnicom Group were worth $5,473,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in OMC. Ieq Capital LLC lifted its position in Omnicom Group by 192.2% during the 1st quarter. Ieq Capital LLC now owns 18,239 shares of the business services provider’s stock worth $1,512,000 after buying an additional 11,997 shares in the last quarter. Caption Management LLC acquired a new stake in shares of Omnicom Group in the first quarter valued at about $290,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Omnicom Group in the first quarter valued at about $290,000. Perbak Capital Partners LLP bought a new stake in Omnicom Group during the first quarter worth about $351,000. Finally, AQR Capital Management LLC boosted its position in Omnicom Group by 1,836.5% during the first quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider’s stock valued at $89,114,000 after purchasing an additional 1,030,633 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

OMC has been the topic of several recent analyst reports. Barclays boosted their price target on 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 reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. Morgan Stanley assumed coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target for the company. Finally, UBS Group lifted their price objective on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Omnicom Group presently has an average rating of “Hold” and a consensus target price of $92.57.

Omnicom Group Trading Up 0.4%

OMC stock opened at $80.76 on Wednesday. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The company has a fifty day moving average price of $75.80 and a two-hundred day moving average price of $75.53. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $89.35. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

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

Omnicom Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be issued a dividend of $0.80 per share. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, December 19th. Omnicom Group’s dividend payout ratio is presently 47.27%.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.