Coston McIsaac & Partners Has $610,000 Position in Omnicom Group Inc. (NYSE:OMC)

Coston McIsaac & Partners lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 6.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,099 shares of the business services provider’s stock after selling 493 shares during the period. Coston McIsaac & Partners’ holdings in Omnicom Group were worth $610,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in OMC. State Street Corp grew its holdings in Omnicom Group by 5.7% during the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares during the last quarter. Geode Capital Management LLC grew its stake in Omnicom Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after buying an additional 72,447 shares during the last quarter. Barclays PLC raised its holdings in Omnicom Group by 1.7% in the 3rd quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock worth $84,741,000 after acquiring an additional 13,637 shares during the period. Bank of Montreal Can lifted its position in Omnicom Group by 23.6% during the 3rd quarter. Bank of Montreal Can now owns 705,806 shares of the business services provider’s stock worth $72,465,000 after acquiring an additional 134,927 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Omnicom Group by 16.3% during the third quarter. BNP Paribas Financial Markets now owns 695,216 shares of the business services provider’s stock valued at $71,878,000 after acquiring an additional 97,661 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on 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. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, UBS Group increased their price target 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Trading Down 0.3 %

Shares of OMC stock opened at $86.96 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a fifty day moving average of $91.23 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. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 1.88 and a beta of 0.98.

Omnicom Group Announces Dividend

The firm 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. This represents a $2.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio 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.