Blueshift Asset Management LLC Acquires New Stake in Omnicom Group Inc. (NYSE:OMC)

Blueshift Asset Management LLC acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,571 shares of the business services provider’s stock, valued at approximately $606,000.

A number of other large investors have also bought and sold shares of OMC. Arkadios Wealth Advisors increased its holdings in shares of Omnicom Group by 58.8% in the second quarter. Arkadios Wealth Advisors now owns 486 shares of the business services provider’s stock worth $38,000 after buying an additional 180 shares during the period. AGF Investments LLC increased its holdings in shares of Omnicom Group by 122.7% in the first quarter. AGF Investments LLC now owns 519 shares of the business services provider’s stock worth $38,000 after buying an additional 286 shares during the period. tru Independence LLC purchased a new position in shares of Omnicom Group in the second quarter worth about $47,000. Heritage Wealth Advisors increased its holdings in shares of Omnicom Group by 185.2% in the second quarter. Heritage Wealth Advisors now owns 599 shares of the business services provider’s stock worth $37,000 after buying an additional 389 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Omnicom Group by 446.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 618 shares of the business services provider’s stock worth $49,000 after buying an additional 505 shares during the period. 90.39% of the stock is owned by institutional investors.

Shares of OMC stock opened at $74.29 on Thursday. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.43 and a beta of 0.92. The company’s 50 day moving average is $73.60 and its 200 day moving average is $77.51. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 1.38. Omnicom Group Inc. has a 52-week low of $44.50 and a 52-week high of $86.38.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Monday, July 19th. The business services provider reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.08. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.29 billion. Omnicom Group had a net margin of 9.65% and a return on equity of 35.92%. Omnicom Group’s revenue was up 27.5% compared to the same quarter last year. During the same period last year, the company posted $0.90 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 6.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 12th. Shareholders of record on Tuesday, September 21st were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, September 20th. This represents a $2.80 annualized dividend and a yield of 3.77%. Omnicom Group’s dividend payout ratio (DPR) is 55.45%.

A number of analysts have recently commented on OMC shares. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $90.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 5th. Morgan Stanley lowered their price objective on Omnicom Group from $79.00 to $76.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 21st. Finally, Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Thursday, July 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $78.33.

Omnicom Group Company Profile

Omnicom Group, Inc is a holding company, which engages in the management and provision of advertising agencies. The firm offers marketing and corporate communications services. Its agency networks operates in the advertising, marketing, and corporate communications services industry, which are organized into regions, such as the Americas, EMEA and Asia-Pacific.

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Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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