Omnicom Group Inc. (NYSE:OMC) Shares Bought by KCM Investment Advisors LLC

KCM Investment Advisors LLC grew its position in Omnicom Group Inc. (NYSE:OMC) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,375 shares of the business services provider’s stock after purchasing an additional 972 shares during the period. KCM Investment Advisors LLC’s holdings in Omnicom Group were worth $2,097,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Resona Asset Management Co. Ltd. acquired a new position in Omnicom Group in the 4th quarter worth approximately $5,216,000. Integrated Quantitative Investments LLC acquired a new stake in shares of Omnicom Group in the fourth quarter worth $379,000. Pitcairn Co. raised its holdings in shares of Omnicom Group by 5.5% during the fourth quarter. Pitcairn Co. now owns 6,126 shares of the business services provider’s stock worth $527,000 after purchasing an additional 317 shares during the last quarter. World Investment Advisors lifted its position in Omnicom Group by 17.8% during the fourth quarter. World Investment Advisors now owns 30,996 shares of the business services provider’s stock valued at $2,667,000 after purchasing an additional 4,685 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Omnicom Group by 50.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock valued at $513,922,000 after purchasing an additional 1,992,695 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OMC shares. Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays dropped their price objective 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. Wells Fargo & Company lowered 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. UBS Group lowered their target price on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. lowered their price target 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $104.43.

Omnicom Group Stock Down 3.6 %

OMC opened at $72.65 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a twelve month low of $72.54 and a twelve month high of $107.00. The company has a market cap of $14.28 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The company has a 50-day moving average price of $82.42 and a 200 day moving average price of $91.70.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating 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 in the prior year, the firm earned $2.20 EPS. Sell-side analysts expect 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 is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.85%. Omnicom Group’s dividend payout ratio (DPR) is presently 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.