Omnicom Group Inc. $OMC Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP grew its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 127.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 455,671 shares of the business services provider’s stock after purchasing an additional 255,765 shares during the period. Omnicom Group makes up approximately 1.7% of Invenomic Capital Management LP’s investment portfolio, making the stock its 14th largest holding. Invenomic Capital Management LP’s holdings in Omnicom Group were worth $36,795,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of OMC. EverSource Wealth Advisors LLC grew its holdings in Omnicom Group by 82.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,917 shares of the business services provider’s stock worth $138,000 after acquiring an additional 869 shares during the period. Gamco Investors INC. ET AL acquired a new position in Omnicom Group during the second quarter worth about $241,000. Gabelli Funds LLC acquired a new position in Omnicom Group during the second quarter worth about $1,061,000. Daiwa Securities Group Inc. grew its holdings in Omnicom Group by 5.3% during the second quarter. Daiwa Securities Group Inc. now owns 29,373 shares of the business services provider’s stock worth $2,113,000 after acquiring an additional 1,482 shares during the period. Finally, Sei Investments Co. grew its holdings in Omnicom Group by 14.1% during the second quarter. Sei Investments Co. now owns 361,266 shares of the business services provider’s stock worth $25,990,000 after acquiring an additional 44,746 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

NYSE OMC opened at $76.18 on Thursday. The stock’s 50-day moving average price is $75.58 and its two-hundred day moving average price is $76.77. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market cap of $21.71 billion, a PE ratio of 195.34, a PEG ratio of 0.46 and a beta of 0.63. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17.

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

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, June 10th. Omnicom Group’s payout ratio is presently 820.51%.

Omnicom Group announced that its board has initiated a stock buyback program 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 buy up to 38.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OMC shares. Rothschild & Co Redburn started coverage on Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price on the stock. Citigroup lowered their target price on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Argus raised Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Omnicom Group in a report on Friday, May 22nd. Finally, UBS Group lifted their target price on Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Five 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.