Gamco Investors INC. ET AL Has $17.30 Million Stock Position in Omnicom Group Inc. $OMC

Gamco Investors INC. ET AL lifted its stake in Omnicom Group Inc. (NYSE:OMC) by 6,819.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,222 shares of the business services provider’s stock after acquiring an additional 211,126 shares during the period. Gamco Investors INC. ET AL’s holdings in Omnicom Group were worth $17,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of OMC. EverSource Wealth Advisors LLC grew its stake in shares of Omnicom Group by 82.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider’s stock worth $138,000 after acquiring an additional 869 shares during the last quarter. Gabelli Funds LLC acquired a new stake in shares of Omnicom Group in the second quarter worth $1,061,000. Daiwa Securities Group Inc. grew its stake in shares of Omnicom Group by 5.3% in the second quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider’s stock worth $2,113,000 after acquiring an additional 1,482 shares during the last quarter. Sei Investments Co. boosted its stake in Omnicom Group by 14.1% during the second quarter. Sei Investments Co. now owns 361,266 shares of the business services provider’s stock worth $25,990,000 after buying an additional 44,746 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Omnicom Group by 1.9% during the second quarter. Treasurer of the State of North Carolina now owns 90,288 shares of the business services provider’s stock worth $6,495,000 after buying an additional 1,706 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OMC shares. Citigroup decreased their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Argus upgraded shares of Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Barclays lifted their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. 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. Finally, UBS Group lifted their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of “Hold” and an average price target of $93.71.

Omnicom Group Stock Up 3.3%

Shares of NYSE OMC opened at $73.20 on Tuesday. The stock has a market cap of $20.86 billion, a PE ratio of 187.70, a PEG ratio of 0.42 and a beta of 0.66. The business has a fifty day moving average of $76.58 and a two-hundred day moving average of $76.54. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91.

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

Omnicom Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.4%. Omnicom Group’s dividend payout ratio (DPR) is presently 820.51%.

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

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.