First Trust Advisors LP Increases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

First Trust Advisors LP boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,882,800 shares of the business services provider’s stock after buying an additional 747,575 shares during the period. First Trust Advisors LP owned 1.98% of Omnicom Group worth $334,076,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new position in Omnicom Group during the fourth quarter worth approximately $25,000. Versant Capital Management Inc raised its stake 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 valued at $27,000 after acquiring an additional 271 shares during the period. Venturi Wealth Management LLC lifted its stake in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares in the last quarter. Whittier Trust Co. lifted its stake in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock worth $42,000 after acquiring an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont boosted its stake in shares of Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 490 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

Shares of OMC stock opened at $73.16 on Friday. The stock has a market cap of $14.38 billion, a PE ratio of 9.82, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The stock has a fifty day moving average price of $79.57 and a 200 day moving average price of $89.47.

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

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OMC shares. Citigroup reissued a “buy” rating and set a $103.00 target price on shares of Omnicom Group in a research note on Tuesday. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Barclays decreased their price objective on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company lowered their target price on shares of Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

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.