Dynasty Wealth Management LLC Sells 770 Shares of Omnicom Group Inc. (NYSE:OMC)

Dynasty Wealth Management LLC trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 6.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,251 shares of the business services provider’s stock after selling 770 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Omnicom Group were worth $968,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OMC. ST Germain D J Co. Inc. acquired a new position in Omnicom Group in the fourth quarter valued at about $25,000. Versant Capital Management Inc increased its holdings in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after buying an additional 271 shares during the period. Venturi Wealth Management LLC raised its position in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 195 shares in the last quarter. HM Payson & Co. lifted its holdings in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after acquiring an additional 169 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Omnicom Group during the 3rd quarter worth approximately $55,000. 91.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays dropped 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. Wells Fargo & Company decreased their target price on 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. Finally, Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Price Performance

Shares of OMC opened at $82.75 on Friday. The business has a 50-day simple moving average of $84.86 and a two-hundred day simple moving average of $94.83. Omnicom Group Inc. has a 12-month low of $80.31 and a 12-month high of $107.00. The stock has a market cap of $16.26 billion, a PE ratio of 11.11, a PEG ratio of 1.94 and a beta of 0.97. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the company earned $2.20 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is currently 37.58%.

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.