Public Employees Retirement System of Ohio Grows Holdings in Omnicom Group Inc. $OMC

Public Employees Retirement System of Ohio lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,530 shares of the business services provider’s stock after buying an additional 385 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Omnicom Group were worth $4,642,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of OMC. Zions Bancorporation National Association UT purchased a new stake in shares of Omnicom Group during the 1st quarter valued at approximately $34,000. Gen Wealth Partners Inc purchased a new stake in shares of Omnicom Group during the 1st quarter valued at approximately $36,000. Versant Capital Management Inc lifted its stake in shares of Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock valued at $38,000 after buying an additional 143 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Omnicom Group by 230.2% during the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock valued at $41,000 after buying an additional 343 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Omnicom Group during the 1st quarter valued at approximately $43,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $79.10 on Tuesday. The company’s fifty day moving average price is $76.20 and its 200-day moving average price is $75.09. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 11.35, 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 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 issued its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.03. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 EPS. On average, equities research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Omnicom Group’s dividend payout ratio is 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.