Kesler Norman & Wride LLC Sells 1,194 Shares of Omnicom Group Inc. (NYSE:OMC)

Kesler Norman & Wride LLC reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,449 shares of the business services provider’s stock after selling 1,194 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Omnicom Group were worth $985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of OMC. World Investment Advisors LLC raised its stake in shares of Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after purchasing an additional 17,815 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in Omnicom Group in the third quarter worth about $713,000. Franklin Resources Inc. boosted its stake in 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 acquiring an additional 38,022 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of Omnicom Group by 15.4% during the 4th 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 acquiring an additional 50,153 shares during the period. Finally, Hilltop Holdings Inc. increased its stake in shares of Omnicom Group by 35.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 19,598 shares of the business services provider’s stock worth $2,026,000 after purchasing an additional 5,156 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their price objective on 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. JPMorgan Chase & Co. cut their price target 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. UBS Group lowered their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $104.43.

Omnicom Group Trading Down 3.8 %

Shares of Omnicom Group stock opened at $79.72 on Wednesday. The company’s 50-day moving average price is $83.05 and its 200-day moving average price is $92.17. 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 Inc. has a 12-month low of $78.69 and a 12-month high of $107.00. The company has a market cap of $15.66 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) 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 in the previous year, the firm posted $2.20 EPS. On average, equities analysts expect that Omnicom Group Inc. will post 8.25 earnings per share 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 3.51%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s payout ratio is 37.58%.

Omnicom Group Company 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.