WCM Investment Management LLC Acquires 2,485 Shares of Omnicom Group Inc. (NYSE:OMC)

WCM Investment Management LLC boosted its holdings in Omnicom Group Inc. (NYSE:OMC) by 119.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,561 shares of the business services provider’s stock after acquiring an additional 2,485 shares during the quarter. WCM Investment Management LLC’s holdings in Omnicom Group were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the 4th quarter valued at $25,000. Versant Capital Management Inc grew its stake in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the period. Northwest Investment Counselors LLC bought a new stake in Omnicom Group in the third quarter valued at about $33,000. HM Payson & Co. lifted its stake in Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the period. Finally, Trust Co. of Vermont boosted its holdings in Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after buying an additional 490 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Down 1.5 %

OMC opened at $82.54 on Tuesday. The stock 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 current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The firm’s fifty day simple moving average is $88.46 and its 200 day simple moving average is $96.02.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business posted $2.20 EPS. As a group, research analysts anticipate that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

OMC has been the subject of a number of recent analyst reports. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. UBS Group lifted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Wells Fargo & Company reduced their target price 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.