Omnicom Group Inc. $OMC Holdings Increased by Parvin Asset Management LLC

Parvin Asset Management LLC grew its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 158.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,034 shares of the business services provider’s stock after buying an additional 7,984 shares during the quarter. Parvin Asset Management LLC’s holdings in Omnicom Group were worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in OMC. Activest Wealth Management raised its holdings in shares of Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after purchasing an additional 296 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Omnicom Group in the 4th quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of Omnicom Group in the 4th quarter worth approximately $26,000. Legacy Wealth Managment LLC ID raised its holdings in shares of 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 worth $27,000 after purchasing an additional 176 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Omnicom Group in the 4th quarter worth approximately $32,000. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OMC shares. Citigroup dropped their target price 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. Barclays boosted their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. UBS Group boosted their target price on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $99.00.

Omnicom Group Stock Up 1.0%

OMC stock opened at $77.26 on Wednesday. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The company’s 50 day simple moving average is $75.58 and its 200-day simple moving average is $76.73. 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 firm has a market capitalization of $22.02 billion, a P/E ratio of 198.10, a P/E/G ratio of 0.46 and a beta of 0.63.

Omnicom Group (NYSE:OMC) last released 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. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. The firm’s revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 10.97 EPS for the current year.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $3.20 dividend on an annualized basis and a yield of 4.1%. Omnicom Group’s payout ratio is presently 820.51%.

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.