Donaldson Capital Management LLC Makes New Investment in Omnicom Group Inc. $OMC

Donaldson Capital Management LLC bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,317 shares of the business services provider’s stock, valued at approximately $1,075,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OMC. Cornerstone Planning Group LLC increased its holdings in Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 319 shares in the last quarter. Meeder Asset Management Inc. raised its position in Omnicom Group by 289.4% in the third quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Capital A Wealth Management LLC lifted its stake in shares of Omnicom Group by 548.3% during the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after purchasing an additional 318 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of Omnicom Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock worth $31,000 after buying an additional 202 shares during the period. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Omnicom Group in the third quarter worth about $34,000. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.0%

NYSE OMC opened at $73.85 on Monday. The company has a market capitalization of $21.05 billion, a price-to-earnings ratio of 150.70, a price-to-earnings-growth ratio of 0.60 and a beta of 0.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.93 and a quick ratio of 0.81. Omnicom Group Inc. has a 12 month low of $66.33 and a 12 month high of $87.17. The company’s fifty day moving average price is $77.16 and its two-hundred day moving average price is $76.97.

Omnicom Group (NYSE:OMC) last issued its 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). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The company had revenue of $5.53 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter last year, the company posted $2.41 EPS. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. As a group, research 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 authorized a share buyback plan on Wednesday, February 18th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the business services provider to purchase up to 38.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Omnicom Group Dividend Announcement

The company also recently disclosed 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 is Wednesday, March 11th. This represents a $3.20 annualized dividend and a yield of 4.3%. Omnicom Group’s dividend payout ratio is presently 653.06%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OMC shares. Citigroup raised their target price on 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 price target (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Morgan Stanley began coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price objective on the stock. Finally, Argus raised shares of Omnicom Group to a “hold” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and a consensus price target of $95.86.

Omnicom Group 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.