Park Avenue Securities LLC Has $639,000 Stock Holdings in Omnicom Group Inc. $OMC

Park Avenue Securities LLC lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,886 shares of the business services provider’s stock after selling 1,696 shares during the quarter. Park Avenue Securities LLC’s holdings in Omnicom Group were worth $639,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Robinson Value Management Ltd. grew its position in Omnicom Group by 0.4% in the first quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock worth $2,837,000 after acquiring an additional 139 shares in the last quarter. Versant Capital Management Inc grew its position in Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after acquiring an additional 143 shares in the last quarter. Mezzasalma Advisors LLC grew its position in Omnicom Group by 3.1% in the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider’s stock worth $443,000 after acquiring an additional 159 shares in the last quarter. Financial Advisors Network Inc. grew its position in Omnicom Group by 6.1% in the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider’s stock worth $228,000 after acquiring an additional 159 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in Omnicom Group by 0.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider’s stock worth $1,834,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Barclays downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Bank of America raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, July 10th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

Omnicom Group Price Performance

NYSE:OMC opened at $77.04 on Monday. The stock has a market cap of $14.92 billion, a P/E ratio of 11.05, a PEG ratio of 1.50 and a beta of 0.97. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The company has a fifty day moving average price of $76.02 and a 200 day moving average price of $75.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $2.02 by $0.03. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. Analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group’s dividend payout ratio is presently 40.17%.

Omnicom Group Company Profile

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.