Teachers Retirement System of The State of Kentucky Lowers Position in Omnicom Group Inc. $OMC

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 92.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,380 shares of the business services provider’s stock after selling 315,214 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Omnicom Group were worth $1,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OMC. Activest Wealth Management grew its holdings in shares of Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Omnicom Group in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new stake in Omnicom Group during the fourth quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID lifted its position in Omnicom Group by 111.4% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Finally, EFG International AG purchased a new position in Omnicom Group in the 4th quarter worth approximately $28,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

OMC opened at $81.03 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The stock’s 50 day simple moving average is $75.55 and its 200 day simple moving average is $76.75. The firm has a market cap of $23.09 billion, a price-to-earnings ratio of 207.78, a PEG ratio of 0.48 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the company posted $1.70 EPS. Omnicom Group’s quarterly revenue was up 69.2% compared to the same quarter last year. As a group, analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th were issued a $0.80 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $3.20 annualized dividend and a yield of 3.9%. Omnicom Group’s dividend payout ratio (DPR) is 820.51%.

Analysts Set New Price Targets

OMC has been the topic of a number of research analyst reports. 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 report on Thursday, April 30th. UBS Group upped their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Argus raised Omnicom Group to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a research report on Friday, May 22nd. Finally, Rothschild & Co Redburn started coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $99.38.

Omnicom Group 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.