IHT Wealth Management LLC Makes New Investment in Omnicom Group Inc. (NYSE:OMC)

IHT Wealth Management LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,436 shares of the business services provider’s stock, valued at approximately $252,000.

Other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in Omnicom Group during the third quarter valued at about $33,000. Davis Capital Management purchased a new position in shares of Omnicom Group during the 3rd quarter valued at about $36,000. Innealta Capital LLC purchased a new position in shares of Omnicom Group during the 2nd quarter valued at about $33,000. HM Payson & Co. lifted its position in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Omnicom Group in the 3rd quarter worth approximately $55,000. 91.97% of the stock is owned by institutional investors.

Insider Transactions at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at $2,479,053.05. This trade represents a 14.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Trading Down 0.4 %

OMC opened at $92.46 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 2.32 and a beta of 0.94. The business has a 50 day simple moving average of $102.43 and a two-hundred day simple moving average of $97.34. Omnicom Group Inc. has a one year low of $82.26 and a one year high of $107.00.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. Analysts predict that Omnicom Group Inc. will post 7.94 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Friday, December 20th. Omnicom Group’s payout ratio is currently 38.25%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OMC. Macquarie boosted their target price on Omnicom Group from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. UBS Group boosted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Bank of America boosted their target price on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.89.

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.