Edmp Inc. Grows Stake in Omnicom Group Inc. (NYSE:OMC)

Edmp Inc. grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,139 shares of the business services provider’s stock after acquiring an additional 1,366 shares during the period. Edmp Inc.’s holdings in Omnicom Group were worth $700,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. State Street Corp increased its stake in shares of Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after purchasing an additional 759,980 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after purchasing an additional 72,447 shares in the last quarter. Barclays PLC raised its stake in Omnicom Group by 1.7% during the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock valued at $84,741,000 after purchasing an additional 13,637 shares during the period. Bank of Montreal Can boosted its stake in Omnicom Group by 23.6% in the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after purchasing an additional 134,927 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Omnicom Group by 16.3% during the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock valued at $71,878,000 after buying an additional 97,661 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. UBS Group raised their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company decreased their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $82.54 on Tuesday. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The stock’s fifty day moving average price is $88.46 and its 200-day moving average price is $96.02. The firm has a market cap of $16.22 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.86 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 for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the firm posted $2.20 earnings per share. On average, equities research analysts expect that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is currently 37.58%.

Omnicom Group Company 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.