Omnicom Group Inc. $OMC Shares Bought by Cullen Capital Management LLC

Cullen Capital Management LLC increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,084,737 shares of the business services provider’s stock after purchasing an additional 73,527 shares during the quarter. Cullen Capital Management LLC owned 0.56% of Omnicom Group worth $78,036,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Omnicom Group during the 1st quarter valued at $35,388,000. Public Sector Pension Investment Board raised its position in shares of Omnicom Group by 8.3% during the first quarter. Public Sector Pension Investment Board now owns 30,525 shares of the business services provider’s stock worth $2,531,000 after purchasing an additional 2,332 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of Omnicom Group by 214.8% during the first quarter. Kovitz Investment Group Partners LLC now owns 45,830 shares of the business services provider’s stock valued at $3,800,000 after purchasing an additional 31,271 shares during the last quarter. Horizon Investments LLC boosted its position in shares of Omnicom Group by 6.6% in the 1st quarter. Horizon Investments LLC now owns 2,859 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 176 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Omnicom Group by 9.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,181,425 shares of the business services provider’s stock worth $263,700,000 after purchasing an additional 279,265 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

NYSE OMC opened at $80.15 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The company has a 50 day simple moving average of $75.26 and a 200-day simple moving average of $74.80. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $91.86.

Omnicom Group (NYSE:OMC) last released 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. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the business earned $2.03 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Increases Dividend

The company also recently disclosed 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 is a positive change from Omnicom Group’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, December 19th. Omnicom Group’s dividend payout ratio is 41.36%.

Analysts Set New Price Targets

A number of research firms have commented on OMC. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. UBS Group boosted their price target on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. Finally, Barclays boosted their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.33.

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.