Omnicom Group Inc. (NYSE:OMC) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,370 shares of the business services provider’s stock after selling 2,410 shares during the quarter. Welch & Forbes LLC’s holdings in Omnicom Group were worth $24,467,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OMC. Raymond James Financial Inc. acquired a new stake in Omnicom Group in the fourth quarter valued at $79,321,000. Cullen Frost Bankers Inc. increased its holdings in shares of Omnicom Group by 0.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 175,439 shares of the business services provider’s stock worth $15,095,000 after acquiring an additional 1,046 shares during the period. Arizona State Retirement System increased its holdings in shares of Omnicom Group by 1.3% in the 4th quarter. Arizona State Retirement System now owns 56,826 shares of the business services provider’s stock worth $4,889,000 after acquiring an additional 719 shares during the period. Aigen Investment Management LP bought a new position in Omnicom Group in the 4th quarter valued at about $279,000. Finally, Proficio Capital Partners LLC bought a new position in Omnicom Group in the 4th quarter valued at about $5,125,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Omnicom Group Trading Up 0.4 %

NYSE OMC opened at $82.54 on Friday. Omnicom Group Inc. has a 52 week low of $79.57 and a 52 week high of $107.00. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock’s 50 day moving average price is $84.45 and its two-hundred day moving average price is $94.45.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (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 quarter in the previous year, the company posted $2.20 EPS. As a group, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OMC. Wells Fargo & Company reduced their price objective on shares of 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. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective 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, January 27th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Barclays lowered their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and a consensus price target of $108.25.

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.