Ardmore Road Asset Management LP Has $26.61 Million Position in Omnicom Group Inc. $OMC

Ardmore Road Asset Management LP lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 49.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 353,400 shares of the business services provider’s stock after buying an additional 116,451 shares during the period. Omnicom Group comprises approximately 1.8% of Ardmore Road Asset Management LP’s holdings, making the stock its 25th largest position. Ardmore Road Asset Management LP’s holdings in Omnicom Group were worth $26,615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in Omnicom Group by 155.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock worth $7,265,000 after buying an additional 55,421 shares during the period. Deprince Race & Zollo Inc. grew its stake in Omnicom Group by 34.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 524,037 shares of the business services provider’s stock valued at $42,316,000 after acquiring an additional 133,093 shares during the period. LBP AM SA grew its stake in Omnicom Group by 24.2% in the fourth quarter. LBP AM SA now owns 149,672 shares of the business services provider’s stock valued at $12,086,000 after acquiring an additional 29,195 shares during the period. Disciplined Equity Management Inc. bought a new stake in shares of Omnicom Group during the fourth quarter valued at approximately $1,343,000. Finally, Czech National Bank increased its holdings in shares of Omnicom Group by 71.0% during the fourth quarter. Czech National Bank now owns 84,111 shares of the business services provider’s stock valued at $6,792,000 after acquiring an additional 34,909 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley increased their target price on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Citigroup decreased their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Rothschild & Co Redburn began coverage on shares of Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price objective on the stock. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Omnicom Group presently has an average rating of “Hold” and a consensus target price of $99.38.

Omnicom Group Trading Up 0.1%

Shares of Omnicom Group stock opened at $79.70 on Monday. The company has a market capitalization of $22.72 billion, a P/E ratio of 204.37, a price-to-earnings-growth ratio of 0.48 and a beta of 0.63. The stock has a fifty day simple moving average of $76.40 and a 200 day simple moving average of $76.76. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.17. The company has a current ratio of 0.91, a quick ratio of 0.77 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 for the quarter, beating the consensus estimate of $1.84 by $0.06. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business’s revenue was up 69.2% on a year-over-year basis. During the same period last year, the business earned $1.70 EPS. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. Omnicom Group’s dividend payout ratio is currently 820.51%.

Omnicom Group 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.