Orca Investment Management LLC Invests $2.02 Million in Omnicom Group Inc. $OMC

Orca Investment Management LLC purchased a new stake in Omnicom Group Inc. (NYSE:OMC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,777 shares of the business services provider’s stock, valued at approximately $2,023,000. Omnicom Group makes up 1.5% of Orca Investment Management LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Activest Wealth Management lifted its position in Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after buying an additional 296 shares in the last quarter. Bayforest Capital Ltd acquired a new position in Omnicom Group during the fourth quarter worth $26,000. Elyxium Wealth LLC purchased a new stake in Omnicom Group in the 4th quarter valued at $26,000. Legacy Wealth Managment LLC ID grew its holdings in Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 176 shares in the last quarter. Finally, EFG International AG acquired a new stake in shares of Omnicom Group in the 4th quarter worth $28,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Down 1.0%

Shares of Omnicom Group stock opened at $87.45 on Friday. The stock has a 50 day moving average of $79.20 and a 200 day moving average of $77.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. The firm has a market capitalization of $23.99 billion, a price-to-earnings ratio of 75.39, a PEG ratio of 0.58 and a beta of 0.64. Omnicom Group Inc. has a fifty-two week low of $66.33 and a fifty-two week high of $88.55.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The business had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. Omnicom Group’s revenue for the quarter was up 63.4% compared to the same quarter last year. As a group, research analysts predict that Omnicom Group Inc. will post 10.35 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s dividend payout ratio (DPR) is presently 275.86%.

Analysts Set New Price Targets

Several research firms have recently commented on OMC. Zacks Research lowered Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Rothschild & Co Redburn assumed coverage on shares of Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective for the company. The Goldman Sachs Group began coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price objective for the company. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their target price on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Company 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.