Occidental Asset Management LLC Purchases 2,372 Shares of Omnicom Group Inc. (NYSE:OMC)

Occidental Asset Management LLC increased its position in shares of Omnicom Group Inc. (NYSE:OMC) by 8.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,666 shares of the business services provider’s stock after buying an additional 2,372 shares during the period. Occidental Asset Management LLC’s holdings in Omnicom Group were worth $2,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JGP Wealth Management LLC lifted its stake in shares of Omnicom Group by 2.4% in the 4th quarter. JGP Wealth Management LLC now owns 22,280 shares of the business services provider’s stock valued at $1,917,000 after purchasing an additional 523 shares during the period. Carnegie Investment Counsel lifted its stake in Omnicom Group by 3.0% in the fourth quarter. Carnegie Investment Counsel now owns 23,017 shares of the business services provider’s stock valued at $1,980,000 after buying an additional 680 shares during the period. Meyer Handelman Co. boosted its holdings in shares of Omnicom Group by 15.9% during the 4th quarter. Meyer Handelman Co. now owns 190,314 shares of the business services provider’s stock worth $16,375,000 after buying an additional 26,073 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Omnicom Group by 29.3% during the 4th quarter. Park Avenue Securities LLC now owns 13,121 shares of the business services provider’s stock valued at $1,129,000 after acquiring an additional 2,970 shares during the period. Finally, Elevated Capital Advisors LLC boosted its stake in Omnicom Group by 13.8% during the fourth quarter. Elevated Capital Advisors LLC now owns 9,624 shares of the business services provider’s stock worth $828,000 after acquiring an additional 1,165 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

OMC stock opened at $85.83 on Friday. The business has a 50 day moving average of $94.06 and a 200-day moving average of $96.56. The firm has a market cap of $16.75 billion, a PE ratio of 11.73, a P/E/G ratio of 1.73 and a beta of 0.98. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the previous year, the firm posted $1.86 earnings per share. As a group, sell-side analysts expect that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OMC. Wells Fargo & Company cut their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Barclays boosted their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, UBS Group upped their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

About Omnicom Group

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.