Omnicom Group Inc. (NYSE:OMC) Holdings Trimmed by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC decreased its stake in Omnicom Group Inc. (NYSE:OMC) by 10.2% in the fourth quarter, HoldingsChannel reports. The firm owned 4,331 shares of the business services provider’s stock after selling 490 shares during the period. Capital Investment Advisory Services LLC’s holdings in Omnicom Group were worth $375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aviva PLC boosted its position in shares of Omnicom Group by 406.1% in the 3rd quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock valued at $9,407,000 after purchasing an additional 101,348 shares during the period. NBC Securities Inc. acquired a new position in shares of Omnicom Group in the 3rd quarter valued at $200,000. Raymond James & Associates boosted its position in shares of Omnicom Group by 3.3% in the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock valued at $37,471,000 after purchasing an additional 13,709 shares during the period. Arvest Investments Inc. acquired a new position in shares of Omnicom Group in the 4th quarter valued at $1,969,000. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Omnicom Group by 1,627.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock valued at $5,752,000 after purchasing an additional 62,640 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of a number of research reports. UBS Group initiated coverage on Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective for the company. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Thursday, March 28th. Macquarie raised their price objective on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. raised their price objective on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Finally, Moffett Nathanson raised their price objective on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group Stock Up 0.5 %

Shares of OMC stock opened at $94.22 on Wednesday. The stock’s 50 day simple moving average is $91.84 and its 200 day simple moving average is $85.78. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a twelve month low of $72.20 and a twelve month high of $99.23. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 2.20 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.09 EPS. As a group, research analysts predict that Omnicom Group Inc. will post 7.81 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio is currently 37.84%.

Omnicom Group 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.