Centennial Wealth Advisory LLC Purchases 1,517 Shares of Omnicom Group Inc. $OMC

Centennial Wealth Advisory LLC grew its position in shares of Omnicom Group Inc. (NYSE:OMC) by 25.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,571 shares of the business services provider’s stock after purchasing an additional 1,517 shares during the period. Centennial Wealth Advisory LLC’s holdings in Omnicom Group were worth $545,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new stake in Omnicom Group during the first quarter worth about $34,000. Gen Wealth Partners Inc bought a new stake in Omnicom Group during the first quarter worth about $36,000. Versant Capital Management Inc lifted its stake in Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after purchasing an additional 143 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after purchasing an additional 343 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in Omnicom Group during the first quarter worth about $43,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Up 2.7%

OMC stock opened at $79.10 on Tuesday. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The business’s 50 day moving average price is $76.20 and its two-hundred day moving average price is $75.09. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.50 and a beta of 0.97.

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

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Omnicom Group’s dividend payout ratio is 40.17%.

Wall Street Analyst Weigh In

OMC has been the subject of several research analyst reports. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research note on Monday, June 23rd. Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Finally, JPMorgan Chase & Co. lowered their target price on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.29.

Omnicom Group 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.