Fort Baker Capital Management LP Acquires Shares of 90,000 Omnicom Group Inc. (NYSE:OMC)

Fort Baker Capital Management LP bought a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 90,000 shares of the business services provider’s stock, valued at approximately $7,797,000. Omnicom Group accounts for 1.3% of Fort Baker Capital Management LP’s holdings, making the stock its 28th largest position.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Omnicom Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock worth $1,982,518,000 after purchasing an additional 99,424 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Omnicom Group by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock worth $577,732,000 after buying an additional 156,438 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock valued at $513,922,000 after acquiring an additional 1,992,695 shares in the last quarter. Geode Capital Management LLC lifted its stake in Omnicom Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider’s stock valued at $442,453,000 after acquiring an additional 51,148 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Omnicom Group by 23.8% in the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider’s stock worth $334,076,000 after acquiring an additional 747,575 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on OMC. Citigroup reissued a “buy” rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Wells Fargo & Company cut their price objective on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. UBS Group decreased their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Barclays decreased their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $101.29.

Omnicom Group Trading Down 0.7 %

Shares of Omnicom Group stock opened at $75.94 on Friday. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The company’s fifty day simple moving average is $77.45 and its 200-day simple moving average is $86.65. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be given a $0.70 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.69%. Omnicom Group’s dividend payout ratio is currently 38.30%.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.