Wilmington Savings Fund Society FSB Buys 554 Shares of Omnicom Group Inc. (NYSE:OMC)

Wilmington Savings Fund Society FSB raised its stake in Omnicom Group Inc. (NYSE:OMC) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,715 shares of the business services provider’s stock after acquiring an additional 554 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Omnicom Group were worth $664,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of OMC. Apollon Wealth Management LLC increased its holdings in shares of Omnicom Group by 7.9% in the fourth quarter. Apollon Wealth Management LLC now owns 23,227 shares of the business services provider’s stock worth $1,998,000 after purchasing an additional 1,705 shares during the last quarter. Mezzasalma Advisors LLC increased its stake in Omnicom Group by 36.8% in the 4th quarter. Mezzasalma Advisors LLC now owns 5,180 shares of the business services provider’s stock worth $446,000 after acquiring an additional 1,393 shares during the last quarter. TFG Advisers LLC raised its holdings in shares of Omnicom Group by 3.8% during the 4th quarter. TFG Advisers LLC now owns 13,005 shares of the business services provider’s stock worth $1,119,000 after acquiring an additional 479 shares in the last quarter. Vest Financial LLC boosted its position in shares of Omnicom Group by 41.1% during the 4th quarter. Vest Financial LLC now owns 393,490 shares of the business services provider’s stock valued at $33,856,000 after acquiring an additional 114,703 shares during the last quarter. Finally, Exane Asset Management purchased a new position in shares of Omnicom Group in the fourth quarter valued at $5,791,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of OMC stock opened at $82.54 on Tuesday. The stock has a 50 day moving average price of $88.46 and a 200 day moving average price of $96.02. The firm has a market capitalization of $16.22 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00. Omnicom Group Inc. has a 52-week low of $81.42 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the business earned $2.20 earnings per share. As a group, sell-side analysts predict that Omnicom Group Inc. will post 8.32 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.39%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Macquarie reiterated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company dropped their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Barclays decreased their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, UBS Group boosted their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

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.