Delphi Management Inc. MA Decreases Stake in Omnicom Group Inc. $OMC

Delphi Management Inc. MA reduced its position in Omnicom Group Inc. (NYSE:OMC) by 59.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,059 shares of the business services provider’s stock after selling 8,711 shares during the period. Delphi Management Inc. MA’s holdings in Omnicom Group were worth $489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bollard Group LLC lifted its position in shares of Omnicom Group by 6.0% during the second quarter. Bollard Group LLC now owns 2,569 shares of the business services provider’s stock worth $185,000 after purchasing an additional 145 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Omnicom Group by 2.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,330 shares of the business services provider’s stock worth $598,000 after purchasing an additional 145 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. lifted its position in shares of Omnicom Group by 4.1% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 3,775 shares of the business services provider’s stock worth $305,000 after purchasing an additional 147 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Omnicom Group by 7.9% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock worth $166,000 after purchasing an additional 149 shares during the last quarter. Finally, Impact Partnership Wealth LLC lifted its position in shares of Omnicom Group by 3.1% during the third quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider’s stock worth $401,000 after purchasing an additional 150 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on OMC. UBS Group increased their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Citigroup increased their price target on shares of Omnicom Group from $103.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. 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 report on Tuesday, December 16th. They set an “equal weight” rating and a $88.00 price target on the stock. Finally, Bank of America reaffirmed an “underperform” rating and set a $77.00 price target (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $95.86.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $75.98 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $76.67 and its two-hundred day moving average price is $76.89. Omnicom Group Inc. has a 52-week low of $66.33 and a 52-week high of $87.17. The stock has a market capitalization of $21.65 billion, a P/E ratio of 155.07, a P/E/G ratio of 0.61 and a beta of 0.73.

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 positive return on equity of 25.65% and a negative net margin of 0.32%.The business had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the prior year, the business earned $2.41 EPS. The business’s revenue was up 27.9% on a year-over-year basis. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 38.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Omnicom Group Announces Dividend

The company 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 $0.80 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. Omnicom Group’s dividend payout ratio (DPR) is presently 653.06%.

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.