Czech National Bank Raises Position in Omnicom Group Inc. $OMC

Czech National Bank boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 71.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 84,111 shares of the business services provider’s stock after purchasing an additional 34,909 shares during the period. Czech National Bank’s holdings in Omnicom Group were worth $6,792,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. increased its stake in Omnicom Group by 15.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 108,310 shares of the business services provider’s stock worth $8,831,000 after purchasing an additional 14,368 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Omnicom Group by 18.7% during the third quarter. Principal Financial Group Inc. now owns 1,877,462 shares of the business services provider’s stock valued at $153,068,000 after purchasing an additional 295,379 shares during the period. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Omnicom Group during the third quarter valued at approximately $870,000. National Pension Service grew its holdings in shares of Omnicom Group by 35.3% in the third quarter. National Pension Service now owns 111,161 shares of the business services provider’s stock worth $9,063,000 after purchasing an additional 29,014 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its holdings in shares of Omnicom Group by 24.2% in the third quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock worth $10,579,000 after purchasing an additional 25,317 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on OMC. Barclays upped their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. 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 research report on Monday, January 5th. Argus raised shares of Omnicom Group to a “hold” rating in a research note on Thursday. Finally, Citigroup increased their target price on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $95.86.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $73.85 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The company has a market cap of $22.92 billion, a PE ratio of 150.70, a P/E/G ratio of 0.61 and a beta of 0.71. The business has a 50 day moving average of $77.16 and a 200 day moving average of $76.96. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $87.17.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.94 by ($0.35). The company had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $7.58 billion. Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The business’s revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.41 EPS. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 38.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is currently 653.06%.

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.