First Trust Advisors LP Has $56.54 Million Holdings in Omnicom Group Inc. $OMC

First Trust Advisors LP raised its position in shares of Omnicom Group Inc. (NYSE:OMC) by 15.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 785,984 shares of the business services provider’s stock after acquiring an additional 106,822 shares during the quarter. First Trust Advisors LP owned about 0.41% of Omnicom Group worth $56,544,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. boosted its holdings in shares of Omnicom Group by 39.1% during the 1st quarter. Harbour Investments Inc. now owns 616 shares of the business services provider’s stock worth $51,000 after buying an additional 173 shares in the last quarter. Vanguard Group Inc. increased its stake in Omnicom Group by 1.8% in the first quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider’s stock valued at $1,945,629,000 after purchasing an additional 424,936 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Omnicom Group by 12.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 350,196 shares of the business services provider’s stock valued at $29,035,000 after purchasing an additional 38,181 shares during the period. Citigroup Inc. boosted its position in shares of Omnicom Group by 42.1% during the 1st quarter. Citigroup Inc. now owns 430,864 shares of the business services provider’s stock worth $35,723,000 after purchasing an additional 127,749 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of Omnicom Group during the 1st quarter worth about $34,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Up 4.7%

Shares of NYSE:OMC opened at $73.48 on Monday. The business’s 50 day moving average is $75.44 and its 200 day moving average is $74.68. Omnicom Group Inc. has a 12-month low of $68.37 and a 12-month high of $104.03. The stock has a market cap of $14.18 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.17 and a beta of 0.75. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.07. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The business’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business earned $2.03 EPS. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.4%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, December 19th. Omnicom Group’s dividend payout ratio is presently 41.36%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays boosted their target price on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Finally, UBS Group upped their target price on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.14.

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.