Czech National Bank Raises Stock Position in Omnicom Group Inc. $OMC

Czech National Bank increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 71.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,111 shares of the business services provider’s stock after acquiring an additional 34,909 shares during the period. Czech National Bank’s holdings in Omnicom Group were worth $6,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC bought a new position in Omnicom Group in the 3rd quarter valued at $515,145,000. Bank of New York Mellon Corp increased its holdings in shares of Omnicom Group by 73.6% in the third quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock worth $542,376,000 after purchasing an additional 2,820,553 shares during the period. State Street Corp increased its holdings in shares of Omnicom Group by 15.8% in the third quarter. State Street Corp now owns 16,863,327 shares of the business services provider’s stock worth $1,384,980,000 after purchasing an additional 2,298,652 shares during the period. JPMorgan Chase & Co. raised its position in shares of Omnicom Group by 30.5% in the third quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock worth $660,969,000 after buying an additional 1,893,316 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake 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.

Analysts Set New Price Targets

OMC has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. UBS Group raised their price target on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th. Argus upgraded Omnicom Group to a “hold” rating in a research report on Thursday. Barclays boosted their price objective on Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Finally, Morgan Stanley initiated coverage on shares of Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $95.86.

Omnicom Group Price Performance

OMC opened at $73.85 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $22.92 billion, a P/E ratio of 150.70, a PEG ratio of 0.61 and a beta of 0.71. The stock has a 50-day moving average price of $77.16 and a 200-day moving average price of $76.96. Omnicom Group Inc. has a 12-month low of $66.33 and a 12-month high of $87.17.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $2.59 earnings per share 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 negative net margin of 0.32% and a positive return on equity of 25.65%. The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.41 earnings per share. Equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group announced that its Board of Directors has initiated a share 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 4.3%. Omnicom Group’s dividend payout ratio (DPR) is 653.06%.

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.