Elevated Capital Advisors LLC Buys 1,165 Shares of Omnicom Group Inc. (NYSE:OMC)

Elevated Capital Advisors LLC increased its stake in Omnicom Group Inc. (NYSE:OMC) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,624 shares of the business services provider’s stock after buying an additional 1,165 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Omnicom Group were worth $828,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ST Germain D J Co. Inc. bought a new position in Omnicom Group during the fourth quarter worth $25,000. Versant Capital Management Inc boosted its holdings in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after buying an additional 271 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Omnicom Group during the 3rd quarter worth about $33,000. Davis Capital Management acquired a new position in Omnicom Group in the 3rd quarter valued at about $36,000. Finally, HM Payson & Co. raised its holdings in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the period. 91.97% of the stock is owned by institutional investors.

Insider Activity at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at $2,479,053.05. The trade was a 14.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of recent research reports. Barclays raised their price objective on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Macquarie reiterated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company cut their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised their target price on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Omnicom Group Stock Performance

Shares of OMC stock traded up $1.06 on Monday, hitting $83.13. 2,572,285 shares of the stock were exchanged, compared to its average volume of 2,293,625. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $16.22 billion, a PE ratio of 11.36, a P/E/G ratio of 2.03 and a beta of 0.94. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00. The firm’s 50 day moving average is $95.20 and its two-hundred day moving average is $96.72.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the business earned $1.86 earnings per share. Sell-side analysts expect that Omnicom Group Inc. will post 7.94 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.37%. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

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.