Omnicom Group Inc. $OMC Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 51.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,321 shares of the business services provider’s stock after selling 55,288 shares during the period. Aquatic Capital Management LLC’s holdings in Omnicom Group were worth $4,266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new position in shares of Omnicom Group in the 3rd quarter valued at approximately $515,145,000. JPMorgan Chase & Co. grew its position in Omnicom Group by 117.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider’s stock worth $447,017,000 after purchasing an additional 3,362,411 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Omnicom Group by 73.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock valued at $542,376,000 after purchasing an additional 2,820,553 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Omnicom Group by 38.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider’s stock worth $324,782,000 after buying an additional 1,255,197 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Omnicom Group in the second quarter worth $67,048,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 20th. Bank of America restated an “underperform” rating and issued a $77.00 target price (down from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Morgan Stanley began coverage on Omnicom Group in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price target for the company. Barclays increased their price objective on Omnicom Group from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Omnicom Group currently has an average rating of “Hold” and a consensus price target of $95.00.

Omnicom Group Price Performance

NYSE:OMC opened at $78.66 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.81. The company has a 50 day moving average price of $77.77 and a 200-day moving average price of $77.11. Omnicom Group Inc. has a 1-year low of $66.33 and a 1-year high of $87.17. The firm has a market cap of $24.41 billion, a price-to-earnings ratio of 160.52, a price-to-earnings-growth ratio of 0.75 and a beta of 0.71.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). The firm had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $7.58 billion. Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period last year, the company posted $2.41 earnings per share. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, March 11th. Omnicom Group’s dividend payout ratio is presently 653.06%.

Omnicom Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 18th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the business services provider to reacquire up to 38.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Omnicom Group Company Profile

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.