Unique Wealth Strategies LLC Acquires New Holdings in Omnicom Group Inc. (NYSE:OMC)

Unique Wealth Strategies LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,243 shares of the business services provider’s stock, valued at approximately $540,000.

Several other hedge funds also recently bought and sold shares of OMC. Pinnacle Bancorp Inc. grew its stake in Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares in the last quarter. OFI Invest Asset Management purchased a new position in Omnicom Group in the 3rd quarter worth approximately $25,000. Authentikos Wealth Advisory LLC purchased a new position in Omnicom Group in the 3rd quarter worth approximately $38,000. Massmutual Trust Co. FSB ADV grew its stake in Omnicom Group by 116.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock worth $52,000 after buying an additional 323 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Omnicom Group by 49.2% in the 4th quarter. Blue Trust Inc. now owns 758 shares of the business services provider’s stock worth $66,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OMC. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday, March 28th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. Macquarie upped their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Barclays upped their price objective on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group Stock Down 0.8 %

OMC stock traded down $0.82 during trading on Friday, hitting $95.89. 1,723,247 shares of the stock traded hands, compared to its average volume of 1,566,362. The firm’s 50 day moving average is $92.40 and its two-hundred day moving average is $86.15. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The firm had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the business earned $2.09 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts anticipate that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s payout ratio is currently 37.84%.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.