Robinson Value Management Ltd. Grows Position in Omnicom Group Inc. (NYSE:OMC)

Robinson Value Management Ltd. grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 0.4% in the first quarter, HoldingsChannel.com reports. The fund owned 34,217 shares of the business services provider’s stock after purchasing an additional 139 shares during the period. Omnicom Group accounts for about 1.8% of Robinson Value Management Ltd.’s investment portfolio, making the stock its 21st largest holding. Robinson Value Management Ltd.’s holdings in Omnicom Group were worth $2,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Johnson Financial Group Inc. lifted its position in Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after buying an additional 143 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Omnicom Group by 708.8% during the 4th 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. Golden State Wealth Management LLC lifted its holdings in shares of Omnicom Group by 230.2% during the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after acquiring an additional 343 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in Omnicom Group in the first quarter worth $47,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on OMC. Barclays cut Omnicom Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Monday, June 23rd. Citigroup restated a “buy” rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $84.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.43.

Omnicom Group Trading Down 0.8%

NYSE OMC opened at $76.41 on Friday. The firm has a market cap of $14.80 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 1.53 and a beta of 0.92. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00. The stock has a 50-day moving average of $72.72 and a 200-day moving average of $77.68. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.03. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.95 earnings per share. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 annualized dividend and a yield of 3.66%. Omnicom Group’s payout ratio is currently 40.17%.

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.