<div id="readability-page-1"><p>Abacus Wealth Partners LLC purchased a new position in  Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,695 shares of the business services provider's stock, valued at approximately $1,752,000.</p><div><p><span></span><span>Get <strong>Omnicom Group</strong> alerts:</span></p></div><ul><li>High Yield Revival: 3 Cash-Rich Dividend Payers on Sale</li></ul><p>Other large investors also recently modified their holdings of the company. Activest Wealth Management boosted its holdings in shares of  Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider's stock valued at $25,000 after acquiring an additional 296 shares during the period.  Bayforest Capital Ltd acquired a new stake in shares of  Omnicom Group in the 4th quarter worth about $26,000.  Cornerstone Planning Group LLC lifted its position in  Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider's stock valued at $27,000 after purchasing an additional 319 shares during the last quarter.  Legacy Wealth Managment LLC ID lifted its position in  Omnicom Group by 111.4% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider's stock valued at $27,000 after purchasing an additional 176 shares during the last quarter.  Finally, Westside Investment Management Inc. boosted its stake in  Omnicom Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider's stock valued at $31,000 after purchasing an additional 202 shares during the period. 91.97% of the stock is currently owned by institutional investors. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of research firms have issued reports on OMC. Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Omnicom Group in a research note on Thursday, January 22nd. Barclays boosted their target price on shares of Omnicom Group from $82.00 to $90.00 and gave the company an &#34;equal weight&#34; rating in a research note on Monday, February 23rd. Morgan Stanley boosted their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the company an &#34;equal weight&#34; rating in a research note on Friday, May 1st. Citigroup reduced their target price on shares of Omnicom Group from $115.00 to $105.00 and set a &#34;buy&#34; rating for the company in a research note on Thursday, April 30th. Finally, Argus raised shares of Omnicom Group to a &#34;hold&#34; rating in a research note on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one  has given a Sell rating to the company. According to data from MarketBeat.com, Omnicom Group presently has a consensus rating of &#34;Hold&#34; and an average price target of $93.71.</p><p><b>Get Our Latest Report on OMC</b></p><h2>Omnicom Group Trading Down 1.0%</h2><p>NYSE:OMC opened at $70.89 on Friday. Omnicom Group Inc. has a 1 year low of $66.33 and a 1 year high of $87.17. The stock has a market cap of $20.20 billion, a price-to-earnings ratio of 181.78, a PEG ratio of 0.42 and a beta of 0.66. The business has a fifty day moving average of $76.81 and a 200-day moving average of $76.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.91. </p><p>Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The company had revenue of $6.24 billion during the quarter, compared to analysts' expectations of $5.85 billion. During the same quarter in the prior year, the business posted $1.70 earnings per share. The company's revenue for the quarter was up 69.2% compared to the same quarter last year.  Equities analysts predict that  Omnicom Group Inc. will post 10.97 earnings per share for the current year. </p><p>Omnicom Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 18th that permits the company to buyback $5.00 billion in  outstanding  shares. This buyback authorization permits the business services provider to purchase up to 38.1% of its stock  through open market purchases. Stock  buyback plans are often an indication that the company's board believes its shares are undervalued. </p><h2>Omnicom Group Dividend Announcement</h2><p>The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.80 per share. The ex-dividend date is Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.5%. Omnicom Group's dividend payout ratio (DPR) is 820.51%. </p><h2>Omnicom Group Profile</h2> (Free Report)<p>Omnicom Group Inc <span>NYSE: OMC<span></span></span> is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.  </p><p>The company's primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.</p><h2>See Also</h2><ul><li>Five stocks we like better than Omnicom Group</li><li>3 Stocks to Own If Gas Prices Keep Rising</li><li>3 Crucial Aerospace Component Makers That Analysts Love</li><li>Alphabet's Googlebook Brings Gemini AI to PC Hardware</li><li>Peloton Stock Gives Back Gains After Upbeat Earnings Report</li></ul><p><strong>Want to see what other hedge funds are holding OMC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9NQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9NQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Omnicom Group Right Now?</h2><p>Before you consider Omnicom Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Omnicom Group wasn't on the list.</p><p>While Omnicom Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Abacus Wealth Partners LLC invested $1.75 million in Omnicom Group Inc. by acquiring 21,695 shares during Q4, as per its 13F filing. Other investors also increased their stakes. Omnicom's stock has a consensus rating of 'Hold' with a target price of $93.71. The company reported Q1 earnings of $1.90 per share, exceeding estimates, and announced a $5 billion stock buyback plan, indicating confidence in its valuation.</p>

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Abacus Wealth Partners LLC Invests $1.75 Million in Omnicom Group Inc. $OMC