Omnicom Group Inc. (NYSE:OMC) Shares Acquired by JGP Wealth Management LLC

JGP Wealth Management LLC increased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,280 shares of the business services provider’s stock after buying an additional 523 shares during the quarter. JGP Wealth Management LLC’s holdings in Omnicom Group were worth $1,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Carnegie Investment Counsel grew its holdings in shares of Omnicom Group by 3.0% during the fourth quarter. Carnegie Investment Counsel now owns 23,017 shares of the business services provider’s stock valued at $1,980,000 after buying an additional 680 shares in the last quarter. Meyer Handelman Co. grew its holdings in shares of Omnicom Group by 15.9% during the fourth quarter. Meyer Handelman Co. now owns 190,314 shares of the business services provider’s stock valued at $16,375,000 after buying an additional 26,073 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Omnicom Group by 29.3% during the fourth quarter. Park Avenue Securities LLC now owns 13,121 shares of the business services provider’s stock valued at $1,129,000 after buying an additional 2,970 shares in the last quarter. Elevated Capital Advisors LLC grew its holdings in shares of Omnicom Group by 13.8% during the fourth quarter. Elevated Capital Advisors LLC now owns 9,624 shares of the business services provider’s stock valued at $828,000 after buying an additional 1,165 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of Omnicom Group by 6.1% during the fourth quarter. Czech National Bank now owns 42,301 shares of the business services provider’s stock valued at $3,640,000 after buying an additional 2,446 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $85.83 on Friday. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The business has a 50-day moving average of $94.06 and a two-hundred day moving average of $96.56. The stock has a market capitalization of $16.75 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the firm earned $1.86 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 7.94 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.26%. Omnicom Group’s dividend payout ratio is presently 38.25%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OMC shares. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays lifted their price objective on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Macquarie reissued an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. UBS Group lifted 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. Finally, Wells Fargo & Company reduced their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

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.