Eliot Finkel Investment Counsel LLC Has $5.36 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Eliot Finkel Investment Counsel LLC lessened its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 62,285 shares of the business services provider’s stock after selling 230 shares during the period. Omnicom Group makes up about 3.4% of Eliot Finkel Investment Counsel LLC’s holdings, making the stock its 14th biggest holding. Eliot Finkel Investment Counsel LLC’s holdings in Omnicom Group were worth $5,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OMC. SBI Securities Co. Ltd. bought a new stake in Omnicom Group in the fourth quarter valued at approximately $78,000. Jones Financial Companies Lllp raised its position in shares of Omnicom Group by 47.1% during the fourth quarter. Jones Financial Companies Lllp now owns 52,011 shares of the business services provider’s stock worth $4,475,000 after purchasing an additional 16,644 shares during the period. Asahi Life Asset Management CO. LTD. bought a new stake in Omnicom Group during the fourth quarter worth $299,000. Smartleaf Asset Management LLC grew its holdings in Omnicom Group by 13.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after buying an additional 147 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in shares of Omnicom Group by 11.7% during the 4th quarter. Bridges Investment Management Inc. now owns 16,070 shares of the business services provider’s stock worth $1,383,000 after purchasing an additional 1,679 shares during the period. Institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays decreased their price target 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. JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Wells Fargo & Company dropped their price target on shares of 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 six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Trading Up 1.2 %

NYSE OMC opened at $82.75 on Friday. Omnicom Group Inc. has a 12 month low of $80.31 and a 12 month high of $107.00. The company’s 50-day moving average price is $84.86 and its 200-day moving average price is $94.83. The stock has a market cap of $16.26 billion, a PE ratio of 11.11, a PEG 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 released its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating 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 quarter last year, the business earned $2.20 earnings per share. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.38%. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

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.