Impact Partnership Wealth LLC Acquires 182 Shares of Omnicom Group Inc. (NYSE:OMC)

Impact Partnership Wealth LLC grew its holdings in Omnicom Group Inc. (NYSE:OMC) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,493 shares of the business services provider’s stock after purchasing an additional 182 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Omnicom Group were worth $559,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in OMC. RFG Advisory LLC acquired a new position in shares of Omnicom Group in the fourth quarter valued at about $911,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Omnicom Group in the fourth quarter valued at approximately $1,043,000. Cerro Pacific Wealth Advisors LLC purchased a new stake in shares of Omnicom Group during the fourth quarter valued at approximately $506,000. Avior Wealth Management LLC increased its holdings in Omnicom Group by 4.2% during the fourth quarter. Avior Wealth Management LLC now owns 12,911 shares of the business services provider’s stock worth $1,111,000 after buying an additional 520 shares during the last quarter. Finally, Mutual Advisors LLC lifted its holdings in Omnicom Group by 5.4% during the fourth quarter. Mutual Advisors LLC now owns 7,976 shares of the business services provider’s stock valued at $685,000 after purchasing an additional 407 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.1 %

Shares of Omnicom Group stock opened at $86.21 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The firm has a fifty day moving average price of $92.23 and a 200 day moving average price of $96.46. The stock has a market cap of $16.82 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.25%. Omnicom Group’s payout ratio is 38.25%.

Analysts Set New Price Targets

OMC has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company cut their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. UBS Group boosted their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays raised their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Omnicom Group Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.