Trust Co. of Vermont Raises Holdings in Omnicom Group Inc. $OMC

Trust Co. of Vermont lifted its holdings in Omnicom Group Inc. (NYSE:OMC) by 88.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,049 shares of the business services provider’s stock after buying an additional 493 shares during the quarter. Trust Co. of Vermont’s holdings in Omnicom Group were worth $75,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Robinson Value Management Ltd. grew its stake in shares of Omnicom Group by 0.4% during the 1st quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock worth $2,837,000 after purchasing an additional 139 shares during the period. Versant Capital Management Inc lifted its stake in shares of Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 143 shares during the period. Mezzasalma Advisors LLC boosted its holdings in Omnicom Group by 3.1% during the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider’s stock worth $443,000 after buying an additional 159 shares in the last quarter. Financial Advisors Network Inc. grew its position in Omnicom Group by 6.1% during the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock worth $228,000 after buying an additional 159 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its holdings in Omnicom Group by 0.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock valued at $1,834,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $78.00 to $91.00 in a report on Tuesday, September 23rd. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Bank of America raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Monday, June 23rd. Finally, Barclays lowered shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.29.

Omnicom Group Stock Down 0.7%

OMC opened at $76.89 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The firm has a market cap of $14.89 billion, a P/E ratio of 11.03, a PEG ratio of 1.51 and a beta of 0.96. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00. The business’s fifty day simple moving average is $76.31 and its 200 day simple moving average is $75.12.

Omnicom Group (NYSE:OMC) last announced its earnings results 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 net margin of 8.67% and a return on equity of 33.62%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.95 EPS. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. Omnicom Group’s dividend payout ratio is presently 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.