Atlas Capital Advisors Inc. Acquires New Shares in Omnicom Group Inc. $OMC

Atlas Capital Advisors Inc. acquired a new stake in Omnicom Group Inc. (NYSE:OMC) during the 4th quarter, Holdings Channel reports. The fund acquired 10,712 shares of the business services provider’s stock, valued at approximately $865,000.

Other large investors have also bought and sold shares of the company. AustralianSuper Pty Ltd boosted its stake in shares of Omnicom Group by 24.2% during the third quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock valued at $10,579,000 after purchasing an additional 25,317 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of 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 valued at $32,318,000 after purchasing an additional 14,155 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of 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 valued at $7,265,000 after purchasing an additional 55,421 shares in the last quarter. AIA Group Ltd acquired a new stake in shares of Omnicom Group during the third quarter valued at about $1,376,000. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of Omnicom Group by 34.0% during 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 purchasing an additional 133,093 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OMC has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Citigroup lowered their price objective on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Morgan Stanley raised their price objective on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Argus upgraded Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Finally, Barclays lifted their target price on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Five 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.com, the company has an average rating of “Hold” and an average price target of $99.00.

Omnicom Group Trading Down 0.2%

NYSE OMC opened at $76.52 on Monday. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 196.21, a P/E/G ratio of 0.46 and a beta of 0.64. Omnicom Group Inc. has a 52 week low of $66.33 and a 52 week high of $87.17. The business has a 50 day moving average price of $75.49 and a 200-day moving average price of $76.66. 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 released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.84 by $0.06. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The company’s quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.70 earnings per share. As a group, equities analysts expect that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. Omnicom Group’s payout ratio is presently 820.51%.

Omnicom Group declared that its Board of Directors has initiated a stock buyback 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 shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.