Omnicom Group Inc. $OMC Stock Position Raised by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 107.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,004 shares of the business services provider’s stock after acquiring an additional 8,801 shares during the quarter. Vise Technologies Inc.’s holdings in Omnicom Group were worth $1,373,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of OMC. Activest Wealth Management boosted its stake in shares of Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after acquiring an additional 296 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Omnicom Group during the 4th quarter worth $26,000. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group during the 4th quarter worth $26,000. Legacy Wealth Managment LLC ID boosted its stake in shares of Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 176 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Omnicom Group during the 4th quarter worth $32,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $75.12 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The business has a fifty day simple moving average of $75.45 and a 200 day simple moving average of $76.60. The firm has a market cap of $21.41 billion, a price-to-earnings ratio of 192.62, a P/E/G ratio of 0.45 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the company earned $1.70 earnings per share. Omnicom Group’s quarterly revenue was up 69.2% compared to the same quarter last year. As a group, sell-side analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current fiscal year.

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

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OMC. Rothschild & Co Redburn began coverage on Omnicom Group in a research note on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective for the company. 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. The Goldman Sachs Group started coverage on Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price objective for the company. Finally, Citigroup decreased their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $99.00.

About Omnicom Group

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.