Omnicom Group Inc. (NYSE:OMC) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its position in Omnicom Group Inc. (NYSE:OMC) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,298 shares of the business services provider’s stock after selling 5,013 shares during the quarter. Blair William & Co. IL owned 0.06% of Omnicom Group worth $10,178,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Center For Asset Management LLC raised its holdings in shares of Omnicom Group by 3.3% in the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider’s stock valued at $389,000 after purchasing an additional 146 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Omnicom Group by 13.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock worth $105,000 after buying an additional 147 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Omnicom Group by 6.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider’s stock worth $217,000 after acquiring an additional 161 shares in the last quarter. Convergence Financial LLC increased its holdings in shares of Omnicom Group by 6.5% in the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 165 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its holdings in shares of Omnicom Group by 2.9% in the 4th quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider’s stock valued at $559,000 after acquiring an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $80.24 on Friday. The stock’s 50-day moving average price is $83.24 and its 200 day moving average price is $92.47. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $15.77 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a 52-week low of $78.69 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is presently 37.58%.

Wall Street Analyst Weigh In

OMC has been the subject of a number of research analyst reports. Barclays lowered their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company reduced their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Finally, 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 research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $104.43.

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.