Omnicom Group Inc. $OMC Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 107.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,004 shares of the business services provider’s stock after purchasing an additional 8,801 shares during the quarter. Vise Technologies Inc.’s holdings in Omnicom Group were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its position in shares of Omnicom Group by 15.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 108,310 shares of the business services provider’s stock worth $8,831,000 after purchasing an additional 14,368 shares during the period. AustralianSuper Pty Ltd raised its position in shares of Omnicom Group by 24.2% during the 3rd quarter. AustralianSuper Pty Ltd now owns 129,755 shares of the business services provider’s stock worth $10,579,000 after purchasing an additional 25,317 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Omnicom Group by 3.7% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396,400 shares of the business services provider’s stock valued at $32,318,000 after acquiring an additional 14,155 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Omnicom Group by 155.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 91,116 shares of the business services provider’s stock valued at $7,265,000 after acquiring an additional 55,421 shares during the period. Finally, AIA Group Ltd acquired a new stake in Omnicom Group in the 3rd quarter valued at approximately $1,376,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.3%

OMC opened at $75.12 on Tuesday. The stock’s 50 day moving average price is $75.45 and its 200 day moving average price is $76.60. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The stock has a market cap of $21.41 billion, a P/E ratio of 192.62, a P/E/G ratio of 0.45 and a beta of 0.64. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17.

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

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, June 10th. Omnicom Group’s dividend payout ratio (DPR) is presently 820.51%.

Omnicom Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 18th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 38.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. The Goldman Sachs Group assumed coverage on Omnicom Group in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 target price on the stock. Barclays raised their target price on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Morgan Stanley raised their target price on Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Finally, Citigroup lowered their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $99.00.

About Omnicom Group

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.