AustralianSuper Pty Ltd Acquires 25,317 Shares of Omnicom Group Inc. $OMC

AustralianSuper Pty Ltd grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 24.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,755 shares of the business services provider’s stock after purchasing an additional 25,317 shares during the period. AustralianSuper Pty Ltd owned about 0.07% of Omnicom Group worth $10,579,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in OMC. Meeder Asset Management Inc. increased its stake in Omnicom Group by 289.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock worth $30,000 after buying an additional 272 shares during the period. Capital A Wealth Management LLC grew its stake in Omnicom Group by 548.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after acquiring an additional 318 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Omnicom Group during the second quarter worth approximately $29,000. Ameritas Advisory Services LLC bought a new stake in shares of Omnicom Group during the second quarter valued at approximately $34,000. Finally, Quent Capital LLC purchased a new stake in shares of Omnicom Group in the third quarter valued at approximately $39,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Performance

OMC stock opened at $75.85 on Friday. The firm has a 50-day simple moving average of $77.68 and a two-hundred day simple moving average of $76.53. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $89.27. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.27 and a beta of 0.74.

Omnicom Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 19th were issued a $0.80 dividend. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th. Omnicom Group’s dividend payout ratio is presently 47.27%.

Analyst Upgrades and Downgrades

OMC has been the topic of several research reports. UBS Group raised their price objective on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Barclays upped their target price on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Morgan Stanley initiated coverage on Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price target on the stock. Bank of America restated an “underperform” rating and issued a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $92.14.

About Omnicom Group

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.