Sawtooth Solutions LLC Increases Stake in Omnicom Group Inc. (OMC)

Sawtooth Solutions LLC increased its position in Omnicom Group Inc. (NYSE:OMC) by 0.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 8,961 shares of the business services provider’s stock after buying an additional 33 shares during the period. Sawtooth Solutions LLC’s holdings in Omnicom Group were worth $773,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of OMC. FNY Partners Fund LP bought a new stake in Omnicom Group during the fourth quarter worth $128,000. SRB Corp boosted its stake in Omnicom Group by 9.0% in the third quarter. SRB Corp now owns 1,856 shares of the business services provider’s stock worth $158,000 after buying an additional 153 shares during the last quarter. Cribstone Capital Management LLC bought a new stake in Omnicom Group during the first quarter worth $164,000. Huntington Steele LLC bought a new stake in Omnicom Group during the first quarter worth $202,000. Finally, Mraz Amerine & Associates Inc. bought a new stake in Omnicom Group during the third quarter worth $204,000. 96.65% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

Shares of Omnicom Group Inc. (NYSE:OMC) traded up 0.54% during trading on Thursday, hitting $83.60. 1,047,849 shares of the stock traded hands. Omnicom Group Inc. has a 12 month low of $75.61 and a 12 month high of $89.66. The company has a 50 day moving average price of $83.57 and a 200 day moving average price of $84.98. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of 17.04 and a beta of 1.28.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, April 18th. The business services provider reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. Omnicom Group had a net margin of 7.42% and a return on equity of 40.97%. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period last year, the company posted $0.90 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Omnicom Group Inc. will post $5.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Wednesday, June 14th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.63%. Omnicom Group’s dividend payout ratio (DPR) is currently 45.93%.

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A number of analysts have weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating on shares of Omnicom Group in a research note on Wednesday, February 8th. Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 7th. Barclays PLC reaffirmed a “hold” rating and set a $86.00 target price on shares of Omnicom Group in a research note on Thursday, April 20th. Wedbush decreased their target price on shares of Omnicom Group from $90.00 to $89.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 19th. Finally, Atlantic Securities cut shares of Omnicom Group from a “neutral” rating to an “underweight” rating and set a $79.00 target price on the stock. in a research note on Wednesday, February 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $86.50.

In related news, Director Leonard S. Coleman, Jr. sold 2,038 shares of Omnicom Group stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $83.93, for a total transaction of $171,049.34. Following the completion of the transaction, the director now directly owns 24,853 shares of the company’s stock, valued at approximately $2,085,912.29. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Omnicom Group Company Profile

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

12 Month Chart for NYSE:OMC

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