Blair William & Co. IL Cuts Position in Omnicom Group Inc. (NYSE:OMC)

Blair William & Co. IL lessened its stake in Omnicom Group Inc. (NYSE:OMC) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,298 shares of the business services provider’s stock after selling 5,013 shares during the quarter. Blair William & Co. IL’s holdings in Omnicom Group were worth $10,178,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc boosted 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 valued at $27,000 after acquiring an additional 271 shares during the last quarter. Venturi Wealth Management LLC increased its position in Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares in the last quarter. Whittier Trust Co. raised its stake in Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 323 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Omnicom Group in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on OMC. Wells Fargo & Company cut their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Omnicom Group has an average rating of “Hold” and an average price target of $104.43.

Omnicom Group Stock Performance

Shares of OMC stock opened at $80.24 on Friday. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00. The company’s 50-day simple moving average is $83.24 and its 200-day simple moving average is $92.47. 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 (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping 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 last year, the business posted $2.20 earnings per share. Equities 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 announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.49%. Omnicom Group’s payout ratio is 37.58%.

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.