74,410 Shares in Omnicom Group Inc. $OMC Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 74,410 shares of the business services provider’s stock, valued at approximately $5,888,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OMC. Principal Financial Group Inc. increased its stake in shares of Omnicom Group by 18.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,877,462 shares of the business services provider’s stock worth $153,068,000 after acquiring an additional 295,379 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC grew its holdings in Omnicom Group by 27.0% in the third quarter. Blake Schutter Theil Wealth Advisors LLC now owns 4,730 shares of the business services provider’s stock worth $386,000 after purchasing an additional 1,005 shares during the period. Mutual Advisors LLC increased its stake in shares of Omnicom Group by 7.2% during the third quarter. Mutual Advisors LLC now owns 9,637 shares of the business services provider’s stock valued at $774,000 after purchasing an additional 646 shares in the last quarter. Transcend Capital Advisors LLC purchased a new position in shares of Omnicom Group during the third quarter valued at approximately $243,000. Finally, Howard Capital Management Inc. lifted its holdings in shares of Omnicom Group by 15.0% during the third quarter. Howard Capital Management Inc. now owns 6,433 shares of the business services provider’s stock valued at $524,000 after purchasing an additional 839 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $76.46 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92. The business has a 50-day simple moving average of $77.75 and a two-hundred day simple moving average of $76.66. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $89.27. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74.

Omnicom Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were paid a $0.80 dividend. This is an increase from Omnicom Group’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, December 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.2%. Omnicom Group’s dividend payout ratio (DPR) is 47.27%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on OMC shares. UBS Group upped their price target on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Thursday, January 22nd. Bank of America restated an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Barclays lifted their price target on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Finally, Morgan Stanley initiated coverage on shares of Omnicom Group in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $92.14.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.