OneDigital Investment Advisors LLC Acquires Shares of 8,361 Omnicom Group Inc. $OMC

OneDigital Investment Advisors LLC bought a new position in Omnicom Group Inc. (NYSE:OMC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,361 shares of the business services provider’s stock, valued at approximately $609,000.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Omnicom Group by 64.2% in the 4th quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock worth $3,143,930,000 after purchasing an additional 15,220,444 shares during the last quarter. State Street Corp boosted its position in Omnicom Group by 40.4% in the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock valued at $1,933,891,000 after buying an additional 6,813,441 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Omnicom Group in the 2nd quarter valued at $914,156,000. Geode Capital Management LLC increased its stake in shares of Omnicom Group by 57.1% in the 4th quarter. Geode Capital Management LLC now owns 8,578,075 shares of the business services provider’s stock valued at $690,327,000 after buying an additional 3,117,188 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Omnicom Group by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 6,352,034 shares of the business services provider’s stock valued at $512,927,000 after buying an additional 33,557 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OMC shares. Morgan Stanley upped their price target on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Rothschild & Co Redburn assumed coverage on Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective for the company. Citigroup cut their target price on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Zacks Research lowered shares of Omnicom Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price target on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $99.00.

Omnicom Group Trading Up 1.1%

NYSE:OMC opened at $86.40 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $88.55. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 74.49, a PEG ratio of 0.58 and a beta of 0.64. The business’s 50-day moving average price is $79.62 and its two-hundred day moving average price is $77.34.

Omnicom Group (NYSE:OMC) last announced its quarterly 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 company had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the company earned $2.05 earnings per share. The business’s revenue was up 63.4% compared to the same quarter last year. On average, equities analysts expect that Omnicom Group Inc. will post 10.35 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a $0.80 dividend. The ex-dividend date is Friday, September 18th. This represents a $3.20 annualized dividend and a yield of 3.7%. Omnicom Group’s dividend payout ratio (DPR) is 275.86%.

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.