Kintegral Advisory LLC Sells 206 Shares of Omnicom Group Inc. (NYSE:OMC)

Kintegral Advisory LLC decreased its holdings in Omnicom Group Inc. (NYSE:OMC) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,418 shares of the business services provider’s stock after selling 206 shares during the period. Kintegral Advisory LLC’s holdings in Omnicom Group were worth $383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. World Investment Advisors LLC increased its stake 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 valued at $2,720,000 after purchasing an additional 17,815 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in shares of Omnicom Group in the 3rd quarter valued at $713,000. Thrivent Financial for Lutherans increased its stake 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 valued at $3,077,000 after purchasing an additional 8,643 shares during the last quarter. Assetmark Inc. increased its stake in shares of Omnicom Group by 2.0% in the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock valued at $50,562,000 after purchasing an additional 9,774 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake 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 valued at $23,860,000 after purchasing an additional 38,022 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OMC. Wells Fargo & Company decreased their price target 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. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays cut their target price on 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. cut their target price on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Argus downgraded 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 assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Omnicom Group Stock Down 1.6 %

Shares of Omnicom Group stock opened at $82.27 on Monday. The stock’s 50-day moving average is $85.44 and its 200 day moving average is $95.22. The firm has a market cap of $16.16 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.94 and a beta of 0.97. 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 Inc. has a one year low of $80.31 and a one year high of $107.00.

Omnicom Group (NYSE:OMC) last announced its quarterly 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 return on equity of 36.39% and a net margin of 9.44%. During the same period last year, the company earned $2.20 EPS. Equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 3.40%. Omnicom Group’s 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.