12,000 Shares in Omnicom Group Inc. (NYSE:OMC) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,000 shares of the business services provider’s stock, valued at approximately $1,038,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its holdings in Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Czech National Bank lifted its position in shares of Omnicom Group by 0.4% in the fourth quarter. Czech National Bank now owns 34,666 shares of the business services provider’s stock valued at $2,999,000 after acquiring an additional 134 shares in the last quarter. Arlington Partners LLC lifted its position in shares of Omnicom Group by 6.5% in the third quarter. Arlington Partners LLC now owns 2,232 shares of the business services provider’s stock valued at $166,000 after acquiring an additional 136 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of Omnicom Group by 0.6% in the fourth quarter. DAVENPORT & Co LLC now owns 23,592 shares of the business services provider’s stock valued at $2,041,000 after acquiring an additional 149 shares in the last quarter. Finally, Marino Stram & Associates LLC lifted its position in shares of Omnicom Group by 1.4% in the third quarter. Marino Stram & Associates LLC now owns 11,281 shares of the business services provider’s stock valued at $840,000 after acquiring an additional 156 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by company insiders.

Omnicom Group Price Performance

OMC stock opened at $95.98 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23. The firm has a market cap of $18.80 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 2.20 and a beta of 0.97. The stock has a 50-day simple moving average of $92.04 and a 200-day simple moving average of $85.85.

Omnicom Group (NYSE:OMC) last posted its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts predict that Omnicom Group Inc. will post 7.81 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Friday, March 8th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Analyst Ratings Changes

OMC has been the topic of several recent research reports. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Thursday, March 28th. UBS Group initiated coverage on Omnicom Group in a research report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price objective on the stock. Moffett Nathanson upped their price objective on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $91.00 to $106.00 in a research report on Wednesday, April 17th. Finally, Macquarie upped their target price on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.40.

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.