Delphi Management Inc. MA Decreases Stake in Omnicom Group Inc. (NYSE:OMC)

Delphi Management Inc. MA lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,069 shares of the business services provider’s stock after selling 134 shares during the period. Delphi Management Inc. MA’s holdings in Omnicom Group were worth $1,297,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of OMC. World Investment Advisors LLC grew its holdings in shares of Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after buying an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Omnicom Group during the 3rd quarter worth about $713,000. Thrivent Financial for Lutherans grew its stake in 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 purchasing an additional 8,643 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after purchasing an additional 38,022 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Omnicom Group by 15.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock worth $32,411,000 after purchasing an additional 50,153 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of recent research reports. Wells Fargo & Company dropped 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. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays reduced their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Trading Down 0.7 %

Shares of Omnicom Group stock opened at $80.29 on Tuesday. The firm has a 50-day simple moving average of $83.89 and a two-hundred day simple moving average of $93.61. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a fifty-two week low of $78.69 and a fifty-two week high of $107.00. The company has a market cap of $15.78 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 business posted $2.20 earnings per share. As a group, equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal 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 given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.49%. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

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.