Pacer Advisors Inc. Has $206.67 Million Stock Position in Omnicom Group Inc. $OMC

Pacer Advisors Inc. lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,534,940 shares of the business services provider’s stock after selling 35,083 shares during the quarter. Pacer Advisors Inc. owned about 1.31% of Omnicom Group worth $206,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. World Investment Advisors grew its stake in shares of Omnicom Group by 6.3% during the third quarter. World Investment Advisors now owns 36,450 shares of the business services provider’s stock valued at $2,972,000 after purchasing an additional 2,163 shares during the last quarter. Brookstone Capital Management raised its position in Omnicom Group by 36.2% in the 3rd quarter. Brookstone Capital Management now owns 4,933 shares of the business services provider’s stock worth $402,000 after purchasing an additional 1,310 shares during the last quarter. Delphi Management Inc. MA boosted its position in Omnicom Group by 13.3% in the 3rd quarter. Delphi Management Inc. MA now owns 14,770 shares of the business services provider’s stock valued at $1,204,000 after buying an additional 1,733 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Omnicom Group by 24.0% during the third quarter. Private Trust Co. NA now owns 956 shares of the business services provider’s stock valued at $78,000 after acquiring an additional 185 shares during the period. Finally, Alliance Wealth Advisors LLC boosted its stake in shares of Omnicom Group by 6.0% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 4,540 shares of the business services provider’s stock valued at $370,000 after purchasing an additional 257 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays raised their price target on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Morgan Stanley initiated coverage on Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective on the stock. UBS Group increased their price target on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $92.57.

Omnicom Group Trading Up 1.6%

NYSE:OMC opened at $79.95 on Friday. The firm has a 50-day simple moving average of $75.66 and a 200-day simple moving average of $75.30. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $89.35. The firm has a market cap of $15.43 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.27 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.07. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, December 19th. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 4.0%. Omnicom Group’s dividend payout ratio is currently 47.27%.

Omnicom Group Company Profile

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.