WCG Wealth Advisors LLC Takes $878,000 Position in Omnicom Group Inc. (NYSE:OMC)

WCG Wealth Advisors LLC purchased a new stake in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,206 shares of the business services provider’s stock, valued at approximately $878,000.

A number of other large investors have also recently bought and sold shares of the business. Compagnie Lombard Odier SCmA acquired a new position in Omnicom Group in the fourth quarter valued at $366,000. AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of Omnicom Group by 46.0% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock worth $42,634,000 after buying an additional 156,173 shares during the last quarter. Vest Financial LLC grew its holdings in shares of Omnicom Group by 41.1% during the fourth quarter. Vest Financial LLC now owns 393,490 shares of the business services provider’s stock worth $33,856,000 after buying an additional 114,703 shares during the last quarter. Cerro Pacific Wealth Advisors LLC acquired a new position in Omnicom Group in the 4th quarter valued at about $506,000. Finally, Van ECK Associates Corp raised its stake in Omnicom Group by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 99,353 shares of the business services provider’s stock valued at $8,549,000 after acquiring an additional 9,590 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.1%

Shares of OMC stock opened at $73.17 on Friday. The business’s fifty day moving average price is $76.19 and its 200 day moving average price is $84.87. The firm has a market capitalization of $14.28 billion, a PE ratio of 9.82, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.83%. Omnicom Group’s payout ratio is currently 38.30%.

Analyst Ratings Changes

Several research analysts have weighed in on OMC shares. Barclays lowered their target price on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Citigroup reiterated a “buy” rating and issued a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $101.29.

About Omnicom Group

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.