Elevated Capital Advisors LLC Boosts Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

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

Several other hedge funds have also recently modified their holdings of the business. Resonant Capital Advisors LLC boosted its stake in shares of Omnicom Group by 1.7% in the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock worth $613,000 after buying an additional 97 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Omnicom Group by 17.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 97 shares during the period. Integrated Advisors Network LLC increased its position in shares of Omnicom Group by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 100 shares during the last quarter. Iowa State Bank boosted its holdings in shares of Omnicom Group by 0.4% in the third quarter. Iowa State Bank now owns 24,447 shares of the business services provider’s stock worth $2,528,000 after buying an additional 101 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Omnicom Group by 2.1% during the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after buying an additional 102 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Insider Activity

In other news, CAO Andrew Castellaneta sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was 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 of the company’s stock, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Price Performance

NYSE OMC traded up $1.06 on Monday, reaching $83.13. The company had a trading volume of 2,572,285 shares, compared to its average volume of 2,293,625. The firm’s 50 day moving average price is $95.20 and its 200 day moving average price is $96.72. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The stock has a market capitalization of $16.22 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same period in the previous year, the business earned $1.86 earnings per share. As a group, equities analysts predict that Omnicom Group Inc. will post 7.94 earnings per share for the current 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 3.37%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio is 38.25%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on OMC shares. Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. UBS Group increased their price objective 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. Finally, Wells Fargo & Company dropped 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 report on Tuesday, December 10th. One investment 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. Based on data from MarketBeat, Omnicom Group currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

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.