Childress Capital Advisors LLC acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,362 shares of the business services provider’s stock, valued at approximately $85,000.
Other institutional investors have also added to or reduced their stakes in the company. tru Independence LLC purchased a new position in shares of Omnicom Group in the fourth quarter valued at $37,000. Amundi Pioneer Asset Management Inc. boosted its stake in Omnicom Group by 24.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,972,175 shares of the business services provider’s stock valued at $185,301,000 after acquiring an additional 584,810 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Omnicom Group during the 4th quarter valued at $2,592,000. Dimensional Fund Advisors LP boosted its stake in Omnicom Group by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,661,092 shares of the business services provider’s stock valued at $103,597,000 after acquiring an additional 127,796 shares during the last quarter. Finally, FormulaFolio Investments LLC bought a new position in Omnicom Group during the 4th quarter valued at $217,000. 92.76% of the stock is owned by institutional investors.
Omnicom Group stock opened at $77.64 on Thursday. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.58 and a beta of 0.87. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85. The company’s 50-day moving average price is $73.80 and its two-hundred day moving average price is $62.51. Omnicom Group Inc. has a 52 week low of $44.50 and a 52 week high of $77.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Wednesday, March 10th will be given a dividend of $0.70 per share. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, March 9th. This represents a $2.80 annualized dividend and a dividend yield of 3.61%. Omnicom Group’s dividend payout ratio (DPR) is 46.20%.
A number of analysts have weighed in on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on shares of Omnicom Group from $60.00 to $75.00 in a report on Tuesday, December 15th. Smith Barney Citigroup increased their target price on shares of Omnicom Group from $60.00 to $75.00 in a report on Tuesday, December 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $61.71.
Omnicom Group Company Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
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