Cooke & Bieler LP Boosts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Cooke & Bieler LP boosted its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,450,757 shares of the business services provider’s stock after acquiring an additional 92,685 shares during the quarter. Omnicom Group accounts for 2.0% of Cooke & Bieler LP’s portfolio, making the stock its 12th biggest holding. Cooke & Bieler LP’s holdings in Omnicom Group were worth $210,863,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. World Investment Advisors LLC lifted its holdings in shares of Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after buying an additional 17,815 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in shares of Omnicom Group in the 3rd quarter worth $713,000. Thrivent Financial for Lutherans lifted its holdings in shares of Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock worth $3,077,000 after buying an additional 8,643 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Omnicom Group by 19.7% in the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after buying an additional 38,022 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Omnicom Group by 15.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock worth $32,411,000 after buying an additional 50,153 shares during the period. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Up 0.7 %

Shares of NYSE:OMC opened at $85.62 on Tuesday. The business’s 50-day moving average is $84.42 and its 200 day moving average is $94.25. Omnicom Group Inc. has a 1 year low of $79.57 and a 1 year high of $107.00. The firm has a market capitalization of $16.82 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) 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 company posted $2.20 EPS. On average, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed 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 3.27%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is presently 37.58%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OMC. Wells Fargo & Company lowered their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays decreased their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has an average 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.