Pitcairn Co. Increases Stock Position in Omnicom Group Inc. (NYSE:OMC)

Pitcairn Co. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 5.5% in the 4th quarter, Holdings Channel reports. The firm owned 6,126 shares of the business services provider’s stock after acquiring an additional 317 shares during the period. Pitcairn Co.’s holdings in Omnicom Group were worth $527,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Omnicom Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock valued at $1,982,518,000 after buying an additional 99,424 shares during the last quarter. State Street Corp boosted its position in shares of Omnicom Group by 5.7% during 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 acquiring an additional 759,980 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock valued at $577,732,000 after acquiring an additional 156,438 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of 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 in the last quarter. Finally, Geode Capital Management LLC increased its position in Omnicom Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider’s stock worth $442,453,000 after purchasing an additional 51,148 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 3.6 %

Shares of NYSE OMC opened at $72.65 on Friday. Omnicom Group Inc. has a fifty-two week low of $72.54 and a fifty-two week high of $107.00. 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 company has a market cap of $14.28 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 1.94 and a beta of 0.87. The business’s 50 day moving average price is $82.42 and its 200-day moving average price is $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, 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 quarter in the prior year, the business earned $2.20 earnings per share. On average, sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. 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 37.58%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. UBS Group decreased their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Barclays dropped their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Wells Fargo & Company lowered their price target on 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.