Oregon Public Employees Retirement Fund Buys 14,400 Shares of Omnicom Group Inc. $OMC

Oregon Public Employees Retirement Fund lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 65.1% during the fourth quarter, HoldingsChannel reports. The firm owned 36,524 shares of the business services provider’s stock after acquiring an additional 14,400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Omnicom Group were worth $2,949,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OMC. Vanguard Group Inc. raised its stake in Omnicom Group by 64.2% in the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after acquiring an additional 15,220,444 shares during the period. First Eagle Investment Management LLC bought a new stake in Omnicom Group in the 3rd quarter valued at $515,145,000. Bank of New York Mellon Corp raised its stake in Omnicom Group by 73.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock valued at $542,376,000 after acquiring an additional 2,820,553 shares during the period. State Street Corp raised its stake in Omnicom Group by 15.8% in the 3rd quarter. State Street Corp now owns 16,863,327 shares of the business services provider’s stock valued at $1,384,980,000 after acquiring an additional 2,298,652 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Omnicom Group by 30.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock valued at $660,969,000 after acquiring an additional 1,893,316 shares during the period. Institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OMC. Morgan Stanley increased their price target on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. UBS Group increased their price target on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Argus upgraded Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Barclays increased their price target on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Finally, Citigroup dropped their price target on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $93.71.

Omnicom Group Stock Down 3.4%

OMC stock opened at $71.68 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The stock has a market capitalization of $20.43 billion, a price-to-earnings ratio of 183.80, a PEG ratio of 0.44 and a beta of 0.66. The business’s fifty day moving average price is $77.11 and its two-hundred day moving average price is $76.62. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $87.17.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. The firm had revenue of $6.24 billion for 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 company’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.70 EPS. On average, equities analysts anticipate that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s dividend payout ratio is 820.51%.

Omnicom Group announced that its board has initiated a stock repurchase program on Wednesday, February 18th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 38.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is 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.