Kendall Capital Management Acquires 1,365 Shares of Omnicom Group Inc. (NYSE:OMC)

Kendall Capital Management grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,685 shares of the business services provider’s stock after purchasing an additional 1,365 shares during the quarter. Omnicom Group comprises about 2.1% of Kendall Capital Management’s investment portfolio, making the stock its 5th largest position. Kendall Capital Management’s holdings in Omnicom Group were worth $7,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of OMC. ST Germain D J Co. Inc. acquired a new position in Omnicom Group in the fourth quarter worth $25,000. Versant Capital Management Inc lifted its stake in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares during the period. Trust Co. of Vermont lifted its stake in shares of Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 490 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Omnicom Group during the third quarter valued at $55,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

OMC has been the topic of several research reports. Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company cut their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Trading Up 2.8 %

NYSE OMC opened at $84.90 on Friday. Omnicom Group Inc. has a 12 month low of $79.57 and a 12 month high of $107.00. The stock has a 50-day simple moving average of $84.42 and a 200 day simple moving average of $94.35. The company has a market capitalization of $16.68 billion, a PE ratio of 11.40, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the company earned $2.20 earnings per share. Research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.30%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Omnicom Group Profile

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.