Ilmarinen Mutual Pension Insurance Co Takes $2.52 Million Position in Omnicom Group Inc. $OMC

Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 31,148 shares of the business services provider’s stock, valued at approximately $2,515,000.

A number of other large investors have also bought and sold shares of OMC. Activest Wealth Management boosted its position in Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after buying an additional 296 shares during the last quarter. Bayforest Capital Ltd bought a new position in Omnicom Group in the 4th quarter valued at $26,000. Elyxium Wealth LLC bought a new position in Omnicom Group in the 4th quarter valued at $26,000. Cornerstone Planning Group LLC boosted its position in Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 319 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its position in Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OMC has been the topic of a number of analyst reports. UBS Group increased their price target on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Argus raised Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Citigroup dropped their price objective on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Morgan Stanley raised their price objective on Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.13.

Omnicom Group Stock Performance

OMC opened at $72.82 on Friday. The business’s 50-day moving average price is $75.48 and its two-hundred day moving average price is $76.50. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The company has a market capitalization of $20.75 billion, a price-to-earnings ratio of 186.72, a P/E/G ratio of 0.44 and a beta of 0.66. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the business posted $1.70 EPS. The company’s revenue for the quarter was up 69.2% on a year-over-year basis. Equities analysts expect that Omnicom Group Inc. will post 10.97 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.4%. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

Omnicom Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 38.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.