MJP Associates Inc. ADV Acquires Shares of 5,203 Omnicom Group Inc. (NYSE:OMC)

MJP Associates Inc. ADV acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, Holdings Channel.com reports. The fund acquired 5,203 shares of the business services provider’s stock, valued at approximately $448,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in shares of Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock worth $513,922,000 after purchasing an additional 1,992,695 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Omnicom Group in the 4th quarter worth about $150,819,000. FMR LLC raised its position in shares of Omnicom Group by 250.1% in the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider’s stock worth $172,987,000 after purchasing an additional 1,436,231 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Omnicom Group by 91.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock worth $184,730,000 after purchasing an additional 1,027,567 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Omnicom Group in the 4th quarter worth about $79,321,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.7%

OMC stock opened at $75.94 on Monday. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.94 and a beta of 0.95. The business has a 50 day simple moving average of $77.45 and a two-hundred day simple moving average of $86.45.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. Research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.69%. Omnicom Group’s payout ratio is presently 38.30%.

Wall Street Analyst Weigh In

OMC has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Barclays cut their price target on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Citigroup restated a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.29.

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.