Lansforsakringar Fondforvaltning AB publ Boosts Stake in Omnicom Group Inc. $OMC

Lansforsakringar Fondforvaltning AB publ raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 58.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,812 shares of the business services provider’s stock after buying an additional 16,586 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Omnicom Group were worth $3,375,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of OMC. Vanguard Group Inc. lifted its position in shares of Omnicom Group by 64.2% in the fourth quarter. Vanguard Group Inc. now owns 38,934,118 shares of the business services provider’s stock valued at $3,143,930,000 after acquiring an additional 15,220,444 shares in the last quarter. State Street Corp increased its position in Omnicom Group by 40.4% during the 4th quarter. State Street Corp now owns 23,676,768 shares of the business services provider’s stock worth $1,933,891,000 after purchasing an additional 6,813,441 shares in the last quarter. Bank of New York Mellon Corp increased its position in Omnicom Group by 69.6% during the 4th quarter. Bank of New York Mellon Corp now owns 11,283,863 shares of the business services provider’s stock worth $911,172,000 after purchasing an additional 4,631,394 shares in the last quarter. Wellington Management Group LLP raised its stake in Omnicom Group by 522.9% in the 4th quarter. Wellington Management Group LLP now owns 5,199,477 shares of the business services provider’s stock valued at $419,858,000 after purchasing an additional 4,364,797 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 3,117,188 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OMC. Argus upgraded shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. Rothschild & Co Redburn started coverage on shares of Omnicom Group in a research note on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective on the stock. Morgan Stanley lifted their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. UBS Group boosted their price target on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Omnicom Group presently has an average rating of “Hold” and a consensus target price of $99.00.

Omnicom Group Trading Up 3.2%

NYSE OMC opened at $78.55 on Friday. The company has a market cap of $22.39 billion, a P/E ratio of 201.41, a P/E/G ratio of 0.46 and a beta of 0.63. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. 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 company has a 50-day moving average of $74.86 and a 200-day moving average of $76.74.

Omnicom Group (NYSE:OMC) last released its earnings results 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. 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 analysts’ expectations of $5.85 billion. During the same period last year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 69.2% on a year-over-year basis. As a group, equities analysts predict that Omnicom Group Inc. will post 10.97 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business 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. 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 dividend payout ratio (DPR) is currently 820.51%.

Omnicom Group 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.