Omnicom Group Inc. (NYSE:OMC) Shares Sold by Long Road Investment Counsel LLC

Long Road Investment Counsel LLC trimmed its position in Omnicom Group Inc. (NYSE:OMC) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,260 shares of the business services provider’s stock after selling 300 shares during the period. Omnicom Group makes up about 1.8% of Long Road Investment Counsel LLC’s portfolio, making the stock its 17th largest holding. Long Road Investment Counsel LLC’s holdings in Omnicom Group were worth $4,324,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC increased its holdings in shares of Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after buying an additional 17,815 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new position in shares of Omnicom Group in the third quarter valued at $713,000. Thrivent Financial for Lutherans increased its holdings in shares of Omnicom Group by 40.9% in the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock valued at $3,077,000 after buying an additional 8,643 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock valued at $23,860,000 after buying an additional 38,022 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Omnicom Group by 15.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock valued at $32,411,000 after buying an additional 50,153 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.7 %

OMC stock opened at $80.29 on Tuesday. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The company has a market cap of $15.78 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The business’s 50-day simple moving average is $83.89 and its 200 day simple moving average is $93.61. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business earned $2.20 earnings per share. On average, research 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. Investors 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 3.49%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analyst Ratings Changes

Several analysts have issued reports on OMC shares. JPMorgan Chase & Co. cut their target price 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 dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. Barclays dropped their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Macquarie reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $108.25.

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.