Resources Management Corp CT ADV Has $5.54 Million Stock Holdings in Omnicom Group Inc. $OMC

Resources Management Corp CT ADV decreased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 68,574 shares of the business services provider’s stock after selling 11,200 shares during the quarter. Resources Management Corp CT ADV’s holdings in Omnicom Group were worth $5,537,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Omnicom Group by 64.2% during the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock worth $3,143,930,000 after buying an additional 15,220,444 shares during the period. State Street Corp boosted its holdings in shares of Omnicom Group by 40.4% during the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock worth $1,933,891,000 after buying an additional 6,813,441 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Omnicom Group by 69.6% during the 4th quarter. Bank of New York Mellon Corp now owns 11,283,863 shares of the business services provider’s stock worth $911,172,000 after buying an additional 4,631,394 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Omnicom Group by 57.1% during the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock worth $690,327,000 after buying an additional 3,117,188 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Omnicom Group by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock worth $660,969,000 after buying an additional 1,893,316 shares during the period. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $76.52 on Monday. Omnicom Group Inc. has a twelve month low of $66.33 and a twelve month high of $87.17. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a 50-day simple moving average of $75.49 and a two-hundred day simple moving average of $76.66. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 196.21, a price-to-earnings-growth ratio of 0.46 and a beta of 0.64.

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

Omnicom Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the business services provider to buy up to 38.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Omnicom Group Announces Dividend

The firm also recently disclosed 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 is Wednesday, June 10th. This represents a $3.20 annualized dividend and a yield of 4.2%. Omnicom Group’s payout ratio is 820.51%.

Wall Street Analysts Forecast Growth

OMC has been the subject of several research analyst reports. Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Rothschild & Co Redburn initiated coverage on shares of Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price for the company. Citigroup reduced their target price on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Morgan Stanley lifted their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $99.00.

Omnicom Group Company 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.