Omnicom Group Inc. $OMC Stake Increased by Cooke & Bieler LP

Cooke & Bieler LP boosted its position in shares of Omnicom Group Inc. (NYSE:OMC) by 11.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,538,012 shares of the business services provider’s stock after purchasing an additional 268,141 shares during the quarter. Omnicom Group comprises about 2.1% of Cooke & Bieler LP’s holdings, making the stock its 9th biggest holding. Cooke & Bieler LP’s holdings in Omnicom Group were worth $204,944,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management grew its position in Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 296 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in Omnicom Group during the 4th quarter valued at about $26,000. Elyxium Wealth LLC purchased a new stake in shares of Omnicom Group during the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC boosted its holdings in shares of Omnicom Group by 2,126.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 319 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its holdings in shares of Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 176 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $74.95 on Monday. The firm’s 50-day moving average price is $75.83 and its 200-day moving average price is $76.49. The company has a quick ratio of 0.77, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The company has a market cap of $21.36 billion, a PE ratio of 192.19, a PEG ratio of 0.45 and a beta of 0.66. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the business earned $1.70 EPS. The business’s quarterly revenue was up 69.2% on a year-over-year basis. As a group, analysts anticipate that Omnicom Group Inc. will post 10.97 EPS for the current year.

Omnicom Group declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 18th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the business services provider to buy up to 38.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s dividend payout ratio is 820.51%.

Analyst Ratings Changes

A number of analysts have recently issued reports on OMC shares. Citigroup dropped their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Morgan Stanley raised their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Barclays raised their price target on shares of Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. UBS Group raised their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.71.

Omnicom Group Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.