Wingate Wealth Advisors Inc. Buys Shares of 774 Omnicom Group Inc. (NYSE:OMC)

Wingate Wealth Advisors Inc. bought a new stake in Omnicom Group Inc. (NYSE:OMC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 774 shares of the business services provider’s stock, valued at approximately $67,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after purchasing an additional 759,980 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock worth $525,960,000 after purchasing an additional 72,447 shares during the period. Barclays PLC lifted its holdings in shares of Omnicom Group by 1.7% during the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after purchasing an additional 13,637 shares during the period. Bank of Montreal Can raised its stake in Omnicom Group by 23.6% during the third quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after buying an additional 134,927 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Omnicom Group by 16.3% during the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock worth $71,878,000 after buying an additional 97,661 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on OMC. Wells Fargo & Company lowered their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Barclays lowered their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. UBS Group lifted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their price target 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. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Trading Down 1.5 %

NYSE:OMC opened at $82.54 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. The firm has a 50-day moving average of $88.46 and a 200-day moving average of $96.02. The company has a market cap of $16.22 billion, a PE ratio of 11.08, a PEG ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00.

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

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is presently 37.58%.

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.