Disciplined Equity Management Inc. Buys Shares of 16,629 Omnicom Group Inc. $OMC

Disciplined Equity Management Inc. acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,629 shares of the business services provider’s stock, valued at approximately $1,343,000. Omnicom Group accounts for approximately 0.7% of Disciplined Equity Management Inc.’s holdings, making the stock its 19th biggest holding.

Several other hedge funds have also modified their holdings of OMC. Intech Investment Management LLC purchased a new stake in Omnicom Group during the second quarter valued at approximately $256,000. Prudential Financial Inc. increased its holdings in shares of Omnicom Group by 8.0% in the second quarter. Prudential Financial Inc. now owns 114,996 shares of the business services provider’s stock valued at $8,273,000 after purchasing an additional 8,496 shares during the period. Steward Partners Investment Advisory LLC raised its position in Omnicom Group by 94.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 27,321 shares of the business services provider’s stock worth $1,965,000 after buying an additional 13,264 shares during the last quarter. Choreo LLC raised its holdings in shares of Omnicom Group by 159.0% during the second quarter. Choreo LLC now owns 8,506 shares of the business services provider’s stock worth $619,000 after purchasing an additional 5,222 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Omnicom Group by 185.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,603 shares of the business services provider’s stock valued at $475,000 after buying an additional 4,292 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on OMC shares. Bank of America reissued an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. UBS Group boosted their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Barclays upped their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday. Finally, Citigroup upped their price target on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Four equities 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $95.86.

Omnicom Group Stock Down 1.9%

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

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). The business had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $7.58 billion. Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.Omnicom Group’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.41 EPS. Research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

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

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Wednesday, March 11th will be issued 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.