Centennial Wealth Advisory LLC Has $432,000 Position in Omnicom Group Inc. (NYSE:OMC)

Centennial Wealth Advisory LLC boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,022 shares of the business services provider’s stock after buying an additional 589 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Omnicom Group were worth $432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OMC. Sanctuary Advisors LLC acquired a new position in Omnicom Group during the 2nd quarter worth about $1,259,000. Park Avenue Securities LLC lifted its stake in shares of Omnicom Group by 1.1% in the 3rd quarter. Park Avenue Securities LLC now owns 10,151 shares of the business services provider’s stock valued at $1,049,000 after purchasing an additional 113 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Omnicom Group by 63.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 43,731 shares of the business services provider’s stock valued at $4,521,000 after purchasing an additional 16,918 shares during the period. Czech National Bank lifted its stake in shares of Omnicom Group by 6.8% in the 3rd quarter. Czech National Bank now owns 39,855 shares of the business services provider’s stock valued at $4,121,000 after purchasing an additional 2,536 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Omnicom Group by 26.4% in the 3rd quarter. GAMMA Investing LLC now owns 5,893 shares of the business services provider’s stock valued at $609,000 after purchasing an additional 1,231 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on OMC shares. Wells Fargo & Company dropped their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. UBS Group boosted their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Macquarie reiterated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Performance

Shares of OMC opened at $85.00 on Thursday. 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 company has a market capitalization of $16.70 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.89 and a beta of 0.97. The stock has a 50 day moving average of $89.67 and a 200 day moving average of $96.17. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter in the prior year, the business earned $2.20 earnings per share. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 7.99 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 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.