Omnicom Group Inc. (NYSE:OMC) Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,017 shares of the business services provider’s stock after acquiring an additional 680 shares during the quarter. Carnegie Investment Counsel’s holdings in Omnicom Group were worth $1,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Resonant Capital Advisors LLC increased its stake in shares of Omnicom Group by 1.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock worth $613,000 after purchasing an additional 97 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Omnicom Group by 17.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock worth $66,000 after purchasing an additional 97 shares in the last quarter. Integrated Advisors Network LLC increased its position in Omnicom Group by 3.8% during the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock worth $279,000 after buying an additional 100 shares during the last quarter. Iowa State Bank raised its holdings in Omnicom Group by 0.4% during the third quarter. Iowa State Bank now owns 24,447 shares of the business services provider’s stock valued at $2,528,000 after buying an additional 101 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Omnicom Group by 2.1% in the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock worth $514,000 after buying an additional 102 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on OMC shares. UBS Group increased their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Barclays upped their price objective on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $110.00.

Omnicom Group Price Performance

NYSE:OMC opened at $85.41 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00. The company has a fifty day moving average price of $93.30 and a 200 day moving average price of $96.47. The stock has a market cap of $16.66 billion, a P/E ratio of 11.67, a PEG ratio of 1.73 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 7.94 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.28%. Omnicom Group’s dividend payout ratio (DPR) is 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.