LVM Capital Management Ltd. MI Takes $585,000 Position in Omnicom Group Inc. (NYSE:OMC)

LVM Capital Management Ltd. MI bought a new position in Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,795 shares of the business services provider’s stock, valued at approximately $585,000.

Several other hedge funds have also bought and sold shares of the business. ST Germain D J Co. Inc. bought a new position in shares of Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc raised its holdings in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after acquiring an additional 271 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in Omnicom Group in the 3rd quarter valued at about $33,000. Davis Capital Management acquired a new position in Omnicom Group during the 3rd quarter valued at about $36,000. Finally, HM Payson & Co. increased its holdings in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Buying and Selling at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the sale, the chief accounting officer now owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This trade represents a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Omnicom Group Stock Performance

NYSE OMC traded down $1.93 on Friday, hitting $82.21. 1,531,810 shares of the stock traded hands, compared to its average volume of 1,900,189. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The business’s fifty day moving average is $95.58 and its two-hundred day moving average is $96.67. Omnicom Group Inc. has a 12 month low of $81.85 and a 12 month high of $107.00. The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 2.07 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter last year, the company earned $1.86 earnings per share. As a group, equities analysts anticipate that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be paid a $0.70 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.41%. Omnicom Group’s dividend payout ratio is currently 38.25%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on OMC shares. Barclays lifted their target price on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Wells Fargo & Company lowered their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, UBS Group boosted their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average target price of $110.00.

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.