5 Undervalued Dividend Stocks to Buy in 2022

3. Omnicom Group Inc. (NYSE:OMC)

Dividend Yield as of April 1: 3.24%

P/E Ratio as of April 1: 13.53

Number of Hedge Fund Holders: 33

Omnicom Group Inc. (NYSE:OMC) is a New York-based company that provides corporate communications services, advertising, customer relationship management, and public relations services. Omnicom Group Inc. (NYSE:OMC)’s dividend yield on April 1 came in at 3.24%. 

The company published its fourth quarter results on February 8. Omnicom Group Inc. (NYSE:OMC) posted an EPS of $2.11, beating estimates by $0.40. The $3.86 billion revenue also outperformed estimates by $184.27 million. 

On March 18, Argus analyst Kristina Ruggeri upgraded Omnicom Group Inc. (NYSE:OMC) to Buy from Hold with a $95 price target. According to the analyst, the company benefits from current trends in e-commerce marketing and data analytics while expanding its capabilities via acquisitions. The analyst also stated that Omnicom Group Inc. (NYSE:OMC) pays an “attractive” dividend yield and has solid share repurchase programs. She also increased her FY22 EPS estimates by $0.30 to $6.70.

Omnicom Group Inc. (NYSE:OMC) declared on February 15 a $0.70 per share quarterly dividend. The dividend is payable on April 8, for shareholders of record on March 10. 

According to Insider Monkey’s fourth quarter database, 33 hedge funds were bullish on Omnicom Group Inc. (NYSE:OMC), up from 25 funds in the last quarter. Cliff Asness’ AQR Capital Management is the biggest shareholder of the company, owning 900,756 shares valued at roughly $66 million.