Olstein Capital Management L.P. Boosts Position in Omnicom Group Inc. (NYSE:OMC)

Olstein Capital Management L.P. grew its position in Omnicom Group Inc. (NYSE:OMC) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,000 shares of the business services provider’s stock after buying an additional 5,000 shares during the quarter. Omnicom Group accounts for approximately 1.4% of Olstein Capital Management L.P.’s holdings, making the stock its 23rd biggest holding. Olstein Capital Management L.P.’s holdings in Omnicom Group were worth $8,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new position in Omnicom Group during the fourth quarter worth about $25,000. Versant Capital Management Inc raised its position in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Omnicom Group during the 3rd quarter worth approximately $33,000. Davis Capital Management purchased a new stake in Omnicom Group in the 3rd quarter valued at approximately $36,000. Finally, HM Payson & Co. grew its holdings in Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OMC. JPMorgan Chase & Co. upped their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. UBS Group upped their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Barclays lowered their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday. Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.63.

Omnicom Group Stock Up 0.5 %

Shares of NYSE OMC opened at $86.60 on Friday. The stock has a market capitalization of $16.90 billion, a PE ratio of 11.83, a P/E/G ratio of 1.88 and a beta of 0.98. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The firm has a fifty day moving average of $91.65 and a 200-day moving average of $96.37. Omnicom Group Inc. has a 52-week low of $81.42 and a 52-week high of $107.00.

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 paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.23%. Omnicom Group’s dividend payout ratio is presently 38.25%.

About Omnicom Group

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.