Omnicom Group Inc. $OMC Holdings Increased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Omnicom Group Inc. (NYSE:OMC) by 105.5% in the 1st quarter, HoldingsChannel reports. The fund owned 102,051 shares of the business services provider’s stock after acquiring an additional 52,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Omnicom Group were worth $7,685,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Activest Wealth Management increased its position in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 296 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Omnicom Group in the fourth quarter valued at $26,000. Elyxium Wealth LLC acquired a new stake in shares of Omnicom Group in the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID boosted its stake in Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares in the last quarter. Finally, EFG International AG bought a new position in Omnicom Group during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.1%

NYSE:OMC opened at $78.55 on Monday. 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 Inc. has a 1-year low of $66.33 and a 1-year high of $87.17. The firm has a market capitalization of $22.39 billion, a price-to-earnings ratio of 201.41, a price-to-earnings-growth ratio of 0.47 and a beta of 0.63. The stock has a fifty day simple moving average of $74.87 and a 200 day simple moving average of $76.73.

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

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

Wall Street Analyst Weigh In

Several brokerages have commented on OMC. 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 research report on Friday, March 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Rothschild & Co Redburn began coverage on shares of Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price on the stock. Argus raised shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Finally, Citigroup reduced their target price on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.00.

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.