Mezzasalma Advisors LLC Grows Position in Omnicom Group Inc. (NYSE:OMC)

Mezzasalma Advisors LLC raised its position in Omnicom Group Inc. (NYSE:OMC) by 36.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,180 shares of the business services provider’s stock after acquiring an additional 1,393 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Omnicom Group were worth $446,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OMC. State Street Corp raised its holdings in shares of Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider’s stock valued at $1,468,615,000 after purchasing an additional 759,980 shares in the last quarter. World Investment Advisors LLC raised its stake in Omnicom Group by 4,413.3% in the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after buying an additional 374,952 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Omnicom Group by 389,021.8% during the 3rd quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock worth $22,127,000 after buying an additional 213,962 shares during the last quarter. Arvest Bank Trust Division acquired a new position in shares of Omnicom Group during the 3rd quarter worth about $21,191,000. Finally, AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Omnicom Group by 46.0% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 495,511 shares of the business services provider’s stock valued at $42,634,000 after acquiring an additional 156,173 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.6 %

Shares of Omnicom Group stock opened at $83.76 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The company has a market capitalization of $16.46 billion, a P/E ratio of 11.44, a PEG ratio of 1.89 and a beta of 0.97. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The company’s fifty day moving average is $88.88 and its two-hundred day moving average is $96.01.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter last year, the business earned $2.20 EPS. Analysts forecast that Omnicom Group Inc. will post 7.99 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on OMC shares. Wells Fargo & Company decreased their target price on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. UBS Group boosted their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Macquarie reiterated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Barclays decreased 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 research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

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.