Kintegral Advisory LLC Lowers Position in Omnicom Group Inc. (NYSE:OMC)

Kintegral Advisory LLC cut its stake in Omnicom Group Inc. (NYSE:OMC) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,418 shares of the business services provider’s stock after selling 206 shares during the quarter. Kintegral Advisory LLC’s holdings in Omnicom Group were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of OMC. ST Germain D J Co. Inc. purchased a new stake in shares of Omnicom Group in the fourth quarter worth approximately $25,000. Versant Capital Management Inc increased its position 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 shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares during the last quarter. HM Payson & Co. increased its position in shares of Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the last quarter. Finally, Trust Co. of Vermont increased its position in shares of Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 490 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $82.27 on Monday. The stock has a fifty day simple moving average of $85.44 and a two-hundred day simple moving average of $95.22. Omnicom Group Inc. has a 1-year low of $80.31 and a 1-year high of $107.00. The firm has a market cap of $16.16 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data 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 quarter last year, the business earned $2.20 earnings per share. Analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OMC. Macquarie reaffirmed an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays decreased their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company decreased 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. Finally, Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.25.

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.