Machina Capital S.A.S. Purchases 3,215 Shares of Omnicom Group Inc. (NYSE:OMC)

Machina Capital S.A.S. grew its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 97.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,514 shares of the business services provider's stock after acquiring an additional 3,215 shares during the period. Machina Capital S.A.S.'s holdings in Omnicom Group were worth $560,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMC. Janney Montgomery Scott LLC grew its position in shares of Omnicom Group by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,211 shares of the business services provider's stock valued at $2,193,000 after acquiring an additional 423 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Omnicom Group by 3.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,848 shares of the business services provider's stock valued at $501,000 after acquiring an additional 162 shares during the period. SpiderRock Advisors LLC grew its position in shares of Omnicom Group by 464.3% during the 3rd quarter. SpiderRock Advisors LLC now owns 25,508 shares of the business services provider's stock valued at $2,637,000 after acquiring an additional 20,988 shares during the period. Assetmark Inc. grew its position in shares of Omnicom Group by 2.0% during the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider's stock valued at $50,562,000 after acquiring an additional 9,774 shares during the period. Finally, Kerusso Capital Management LLC grew its position in shares of Omnicom Group by 6.4% during the 3rd quarter. Kerusso Capital Management LLC now owns 16,374 shares of the business services provider's stock valued at $1,693,000 after acquiring an additional 982 shares during the period. 91.97% of the stock is owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

OMC has been the topic of a number of recent research reports. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays dropped their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Finally, Macquarie restated an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Omnicom Group presently has an average rating of "Moderate Buy" and a consensus price target of $108.25.

Omnicom Group Price Performance

Shares of Omnicom Group stock traded up $2.28 on Friday, hitting $84.90. 7,341,236 shares of the company traded hands, compared to its average volume of 1,804,101. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12-month low of $79.57 and a 12-month high of $107.00. The firm's 50-day simple moving average is $84.42 and its 200 day simple moving average is $94.35. The company has a market cap of $16.68 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter last year, the company posted $2.20 EPS. Analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.