Alexander Randolph Advisory Inc. Acquires New Holdings in Omnicom Group Inc. (NYSE:OMC)

Alexander Randolph Advisory Inc. bought a new position in shares of Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,293 shares of the business services provider’s stock, valued at approximately $2,361,000. Omnicom Group accounts for about 2.1% of Alexander Randolph Advisory Inc.’s portfolio, making the stock its 20th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in shares of Omnicom Group in the third quarter worth $25,000. Pinnacle Bancorp Inc. increased its stake in Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of Omnicom Group in the 3rd quarter valued at about $38,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Omnicom Group by 116.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 323 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Omnicom Group by 49.2% during the 4th quarter. Blue Trust Inc. now owns 758 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 250 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Trading Down 0.8 %

OMC stock traded down $0.82 during midday trading on Friday, hitting $95.89. The company had a trading volume of 1,723,247 shares, compared to its average volume of 1,566,362. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 2.25 and a beta of 0.97. The stock’s 50 day moving average price is $92.40 and its 200 day moving average price is $86.15.

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

Omnicom Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group assumed coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 target price for the company. Barclays lifted their price objective on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, March 28th. Moffett Nathanson lifted their price target on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Macquarie increased their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.40.

Insider Buying and Selling

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

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.