Omnicom Group Inc. (NYSE:OMC) Shares Bought by Edmp Inc.

Edmp Inc. raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 20.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,139 shares of the business services provider’s stock after buying an additional 1,366 shares during the quarter. Edmp Inc.’s holdings in Omnicom Group were worth $700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the 4th quarter valued at $25,000. Versant Capital Management Inc increased its stake in shares of Omnicom Group by 645.2% during the fourth 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 in the last quarter. Northwest Investment Counselors LLC purchased a new position in Omnicom Group in the 3rd quarter valued at about $33,000. HM Payson & Co. boosted its holdings in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 490 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

NYSE:OMC opened at $82.54 on Tuesday. The company has a market capitalization of $16.22 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00. The stock’s fifty day moving average is $88.46 and its two-hundred day moving average is $96.02.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the prior year, the business posted $2.20 EPS. Equities analysts expect that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders 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 dividend yield of 3.39%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target 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. UBS Group increased their price objective 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 target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $108.25.

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.