Wingate Wealth Advisors Inc. Buys New Holdings in Omnicom Group Inc. (NYSE:OMC)

Wingate Wealth Advisors Inc. bought a new stake in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 774 shares of the business services provider’s stock, valued at approximately $67,000.

Several other hedge funds have also bought and sold shares of the company. Stiles Financial Services Inc lifted its stake in Omnicom Group by 2.8% in the 4th quarter. Stiles Financial Services Inc now owns 29,648 shares of the business services provider’s stock valued at $2,550,000 after purchasing an additional 821 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in Omnicom Group by 6.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 5,353 shares of the business services provider’s stock valued at $461,000 after acquiring an additional 336 shares during the period. Robinson Value Management Ltd. raised its holdings in Omnicom Group by 3.9% in the 4th quarter. Robinson Value Management Ltd. now owns 34,078 shares of the business services provider’s stock valued at $2,932,000 after acquiring an additional 1,283 shares during the period. WCM Investment Management LLC raised its holdings in Omnicom Group by 119.7% in the 4th quarter. WCM Investment Management LLC now owns 4,561 shares of the business services provider’s stock valued at $391,000 after acquiring an additional 2,485 shares during the period. Finally, Empirical Finance LLC raised its holdings in Omnicom Group by 39.2% in the 4th quarter. Empirical Finance LLC now owns 18,578 shares of the business services provider’s stock valued at $1,598,000 after acquiring an additional 5,231 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Performance

Shares of NYSE:OMC opened at $82.54 on Tuesday. The company’s 50 day simple moving average is $88.46 and its 200 day simple moving average is $96.02. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the business earned $2.20 EPS. As a group, research analysts predict that Omnicom Group Inc. will post 8.32 EPS for the current fiscal year.

Omnicom Group Announces Dividend

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. 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 (DPR) is 37.58%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OMC. UBS Group increased their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Barclays lowered their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report 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 on the stock in a report on Monday, January 27th. Finally, Wells Fargo & Company lowered their target price on shares of 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 research 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 data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Company 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.