Boston Research & Management Inc. Acquires 1,255 Shares of Omnicom Group Inc. (NYSE:OMC)

Boston Research & Management Inc. boosted its stake in Omnicom Group Inc. (NYSE:OMC) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,365 shares of the business services provider’s stock after purchasing an additional 1,255 shares during the quarter. Boston Research & Management Inc.’s holdings in Omnicom Group were worth $4,419,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Omnicom Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock valued at $1,982,518,000 after acquiring an additional 99,424 shares during the last quarter. State Street Corp raised its holdings in shares of Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock worth $1,468,615,000 after buying an additional 759,980 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock worth $577,732,000 after acquiring an additional 156,438 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Omnicom Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider’s stock valued at $525,960,000 after acquiring an additional 72,447 shares during the period. Finally, Beutel Goodman & Co Ltd. grew its position in Omnicom Group by 7.1% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider’s stock valued at $292,698,000 after acquiring an additional 224,870 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Wells Fargo & Company lowered their price target 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. UBS Group decreased their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.43.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $80.24 on Monday. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00. The company has a market capitalization of $15.77 billion, a PE ratio of 10.77, 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 quick ratio of 0.90 and a current ratio of 1.00. The company has a 50-day simple moving average of $83.24 and a two-hundred day simple moving average of $92.43.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating 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. Research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.49%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 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.