Caerus Investment Advisors LLC Buys New Shares in Omnicom Group Inc. $OMC

Caerus Investment Advisors LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,333 shares of the business services provider’s stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AustralianSuper Pty Ltd grew its holdings in Omnicom Group by 24.2% during 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 period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Omnicom Group by 3.7% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396,400 shares of the business services provider’s stock worth $32,318,000 after purchasing an additional 14,155 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Omnicom Group by 155.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock worth $7,265,000 after purchasing an additional 55,421 shares during the period. AIA Group Ltd bought a new position in Omnicom Group during the third quarter worth about $1,376,000. Finally, Nordea Investment Management AB grew its holdings in Omnicom Group by 2,103.2% during the fourth quarter. Nordea Investment Management AB now owns 411,049 shares of the business services provider’s stock worth $33,262,000 after purchasing an additional 392,392 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on OMC. The Goldman Sachs Group began coverage on Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target for the company. Barclays lifted their price target on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Argus upgraded Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Finally, Morgan Stanley lifted their price target on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $99.00.

Omnicom Group Trading Up 2.6%

Shares of NYSE:OMC opened at $75.92 on Friday. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.17. The stock has a market cap of $21.64 billion, a PE ratio of 194.67, a P/E/G ratio of 0.44 and a beta of 0.63. The business has a 50 day moving average of $75.46 and a 200-day moving average of $76.65. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. The business’s revenue was up 69.2% on a year-over-year basis. As a group, equities research analysts forecast that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

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

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s payout ratio is currently 820.51%.

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.