Polianta Ltd Takes $1.76 Million Position in Omnicom Group Inc. $OMC

Polianta Ltd bought a new stake in Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,200 shares of the business services provider’s stock, valued at approximately $1,762,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Crumly & Associates Inc. grew its position in Omnicom Group by 14.8% during the second quarter. Crumly & Associates Inc. now owns 5,330 shares of the business services provider’s stock worth $388,000 after buying an additional 687 shares in the last quarter. Chesley Taft & Associates LLC raised its holdings in Omnicom Group by 1.3% in the 2nd quarter. Chesley Taft & Associates LLC now owns 16,293 shares of the business services provider’s stock valued at $1,187,000 after acquiring an additional 202 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Omnicom Group in the 2nd quarter valued at approximately $9,398,000. Shayne & Jacobs LLC lifted its position in shares of Omnicom Group by 5.7% in the 2nd quarter. Shayne & Jacobs LLC now owns 40,901 shares of the business services provider’s stock worth $2,979,000 after acquiring an additional 2,200 shares during the period. Finally, 180 Wealth Advisors LLC lifted its position in shares of Omnicom Group by 76.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 14,925 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 6,488 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Up 3.3%

OMC stock opened at $85.23 on Friday. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $87.41. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average is $78.08 and its 200-day moving average is $76.99. The firm has a market cap of $23.38 billion, a P/E ratio of 73.48, a P/E/G ratio of 0.57 and a beta of 0.64.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). The company had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.44 billion. Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.Omnicom Group’s quarterly revenue was up 63.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.05 EPS. Equities analysts anticipate that Omnicom Group Inc. will post 10.35 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.8%. Omnicom Group’s dividend payout ratio (DPR) is presently 275.86%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on OMC shares. The Goldman Sachs Group started coverage on Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 target price for the company. Morgan Stanley lifted their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Rothschild & Co Redburn began coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective for the company. Finally, Zacks Research downgraded shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.