Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 15,100 Shares of Omnicom Group Inc. (NYSE:OMC)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,251 shares of the business services provider’s stock after selling 15,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Omnicom Group were worth $6,216,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc grew 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 purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC grew its stake 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 purchasing an additional 195 shares during the last quarter. HM Payson & Co. grew its stake 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 purchasing an additional 169 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Omnicom Group during the third quarter valued at approximately $55,000. 91.97% of the stock is owned by institutional investors.

Omnicom Group Trading Up 1.7 %

OMC opened at $83.70 on Tuesday. The firm’s fifty day moving average is $85.29 and its two-hundred day moving average is $95.15. 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 firm has a market cap of $16.45 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a twelve month low of $80.31 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last posted 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 net margin of 9.44% and a return on equity of 36.39%. During the same period last year, the firm earned $2.20 EPS. Equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.35%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Analysts Set New Price Targets

Several research firms have recently commented on OMC. JPMorgan Chase & Co. decreased their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company cut their price objective 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. Barclays cut their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.