Global Trust Asset Management LLC trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,526 shares of the business services provider’s stock after selling 160 shares during the quarter. Global Trust Asset Management LLC’s holdings in Omnicom Group were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in OMC. Acropolis Investment Management LLC increased its position in shares of Omnicom Group by 12.3% during the 4th quarter. Acropolis Investment Management LLC now owns 10,799 shares of the business services provider’s stock worth $674,000 after purchasing an additional 1,181 shares in the last quarter. Albert D Mason Inc. grew its stake in Omnicom Group by 14.2% during the fourth quarter. Albert D Mason Inc. now owns 37,046 shares of the business services provider’s stock worth $2,311,000 after buying an additional 4,607 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Omnicom Group by 22.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the business services provider’s stock worth $830,000 after buying an additional 2,400 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Omnicom Group by 56.3% in the fourth quarter. Sound Income Strategies LLC now owns 38,246 shares of the business services provider’s stock valued at $2,385,000 after acquiring an additional 13,769 shares during the last quarter. Finally, Diversified Trust Co bought a new position in shares of Omnicom Group in the fourth quarter valued at approximately $209,000. Institutional investors own 95.18% of the company’s stock.
Several equities analysts have issued reports on OMC shares. TheStreet upgraded Omnicom Group from a “c” rating to a “b-” rating in a research report on Tuesday, November 17th. Wells Fargo & Company cut their price target on Omnicom Group from $59.00 to $55.00 and set an “equal weight” rating for the company in a report on Wednesday, October 28th. Huber Research raised shares of Omnicom Group from an “underweight” rating to an “overweight” rating in a report on Friday, October 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Omnicom Group from $60.00 to $75.00 in a research note on Tuesday, December 15th. Finally, Smith Barney Citigroup increased their price target on shares of Omnicom Group from $60.00 to $75.00 in a research note on Tuesday, December 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $62.78.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 27th. The business services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Omnicom Group had a return on equity of 36.90% and a net margin of 7.10%. Omnicom Group’s revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 EPS. As a group, sell-side analysts predict that Omnicom Group Inc. will post 4.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 11th. Shareholders of record on Monday, December 21st were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.13%. The ex-dividend date was Friday, December 18th. Omnicom Group’s payout ratio is presently 42.90%.
Omnicom Group Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
Featured Story: FTSE 100 Index
Want to see what other hedge funds are holding OMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Omnicom Group Inc. (NYSE:OMC).
Receive News & Ratings for Omnicom Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group and related companies with MarketBeat.com's FREE daily email newsletter.