Diversified Trust Co. Purchases 47,417 Shares of Omnicom Group Inc. $OMC

Diversified Trust Co. boosted its position in Omnicom Group Inc. (NYSE:OMC) by 96.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,394 shares of the business services provider’s stock after purchasing an additional 47,417 shares during the quarter. Diversified Trust Co.’s holdings in Omnicom Group were worth $7,784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OMC. Bollard Group LLC lifted its holdings 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 buying an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in 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 period. Deseret Mutual Benefit Administrators boosted its position in shares of Omnicom Group by 7.9% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock worth $166,000 after acquiring an additional 149 shares in the last quarter. Impact Partnership Wealth LLC boosted its holdings in shares of Omnicom Group by 3.1% in the 3rd quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider’s stock valued at $401,000 after purchasing an additional 150 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Omnicom Group by 4.3% in the 3rd quarter. Geneos Wealth Management Inc. now owns 3,746 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 156 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Omnicom Group stock opened at $75.66 on Tuesday. The stock’s 50 day moving average is $77.52 and its 200 day moving average is $77.05. Omnicom Group Inc. has a one year low of $66.33 and a one year high of $87.17. The firm has a market cap of $23.48 billion, a P/E ratio of 154.40, a P/E/G ratio of 0.62 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 (NYSE:OMC) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.94 by ($0.35). The firm had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $7.58 billion. Omnicom Group had a positive return on equity of 25.65% and a negative net margin of 0.32%.The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.41 EPS. As a group, research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.80 per share. 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 is 653.06%.

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

Wall Street Analysts Forecast Growth

OMC has been the subject of several recent analyst reports. Bank of America restated an “underperform” rating and set a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a research report on Monday, January 5th. Barclays increased their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Citigroup upped their price objective 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. Finally, Morgan Stanley began coverage on shares of Omnicom Group in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.