Freestone Capital Holdings LLC Sells 342 Shares of Omnicom Group Inc. (NYSE:OMC)

Freestone Capital Holdings LLC lessened its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,583 shares of the business services provider’s stock after selling 342 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Omnicom Group were worth $825,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. World Investment Advisors LLC boosted its position in shares of Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after acquiring an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of Omnicom Group during the 3rd quarter valued at about $713,000. Thrivent Financial for Lutherans boosted its position in shares of Omnicom Group by 40.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after acquiring an additional 8,643 shares during the last quarter. Assetmark Inc. boosted its position in shares of Omnicom Group by 2.0% during the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock valued at $50,562,000 after acquiring an additional 9,774 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Omnicom Group by 19.7% during the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after acquiring an additional 38,022 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $82.54 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The business’s 50 day simple moving average is $84.45 and its two-hundred day simple moving average is $94.45. The stock has a market capitalization of $16.22 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a one year low of $79.57 and a one year high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $2.20 EPS. Analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.39%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analyst Ratings Changes

A number of analysts have recently issued reports on OMC shares. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their target price on 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 downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays dropped their target price 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. Finally, Wells Fargo & Company dropped their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

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.