Kesler Norman & Wride LLC Sells 1,194 Shares of Omnicom Group Inc. (NYSE:OMC)

Kesler Norman & Wride LLC cut its stake in Omnicom Group Inc. (NYSE:OMC) by 9.4% in the 4th quarter, Holdings Channel reports. The fund owned 11,449 shares of the business services provider’s stock after selling 1,194 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Omnicom Group were worth $985,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its position in Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock worth $513,922,000 after buying an additional 1,992,695 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Omnicom Group by 91.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider’s stock worth $184,730,000 after acquiring an additional 1,027,567 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Omnicom Group in the 4th quarter worth approximately $79,321,000. State Street Corp boosted its stake in shares of Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares in the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of Omnicom Group by 4,413.3% during the 3rd quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after purchasing an additional 374,952 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Price Performance

OMC opened at $79.72 on Wednesday. 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 has a market capitalization of $15.66 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The stock’s 50 day moving average price is $83.05 and its 200-day moving average price is $92.17. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the prior year, the company posted $2.20 EPS. On average, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OMC. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. UBS Group decreased their price target on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Barclays decreased their target price on shares of 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 issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $104.43.

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.