17,943 Shares in Omnicom Group Inc. (NYSE:OMC) Bought by Avanza Fonder AB

Avanza Fonder AB acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 17,943 shares of the business services provider’s stock, valued at approximately $1,544,000.

Several other institutional investors also recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC grew its holdings in Omnicom Group by 4.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,539 shares of the business services provider’s stock valued at $907,000 after buying an additional 447 shares in the last quarter. Occidental Asset Management LLC increased its position in Omnicom Group by 8.7% during the fourth quarter. Occidental Asset Management LLC now owns 29,666 shares of the business services provider’s stock valued at $2,552,000 after acquiring an additional 2,372 shares during the last quarter. JGP Wealth Management LLC raised its position in Omnicom Group by 2.4% in the 4th quarter. JGP Wealth Management LLC now owns 22,280 shares of the business services provider’s stock worth $1,917,000 after purchasing an additional 523 shares during the period. Carnegie Investment Counsel raised its holdings in shares of Omnicom Group by 3.0% in the fourth quarter. Carnegie Investment Counsel now owns 23,017 shares of the business services provider’s stock worth $1,980,000 after buying an additional 680 shares during the period. Finally, Meyer Handelman Co. lifted its stake in shares of Omnicom Group by 15.9% during the 4th quarter. Meyer Handelman Co. now owns 190,314 shares of the business services provider’s stock worth $16,375,000 after acquiring an additional 26,073 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on OMC shares. Barclays upped their price objective on Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on shares of 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 raised their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lowered their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Omnicom Group Price Performance

Shares of OMC opened at $85.41 on Friday. The stock has a market capitalization of $16.66 billion, a PE ratio of 11.67, a PEG ratio of 1.73 and a beta of 0.98. The company has a 50 day moving average price of $93.30 and a 200-day moving average price of $96.52. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. Omnicom Group Inc. has a fifty-two week low of $81.42 and a fifty-two week high of $107.00.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given 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 3.28%. Omnicom Group’s dividend payout ratio (DPR) is presently 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.