Tidal Investments LLC Buys 1,764 Shares of Omnicom Group Inc. (NYSE:OMC)

Tidal Investments LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,071 shares of the business services provider’s stock after purchasing an additional 1,764 shares during the period. Tidal Investments LLC’s holdings in Omnicom Group were worth $3,104,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of OMC. Venturi Wealth Management LLC boosted its stake in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 195 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock valued at $40,000 after buying an additional 404 shares in the last quarter. Whittier Trust Co. boosted its stake in Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after buying an additional 323 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in Omnicom Group in the fourth quarter valued at about $62,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Down 3.3%

OMC stock opened at $73.59 on Thursday. The stock’s fifty day simple moving average is $76.50 and its two-hundred day simple moving average is $85.27. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The stock has a market cap of $14.36 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.94 and a beta of 0.95.

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

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.81%. Omnicom Group’s dividend payout ratio is presently 38.30%.

Analysts Set New Price Targets

Several research firms recently weighed in on OMC. UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Citigroup reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Wells Fargo & Company cut their price target on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays cut their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.