Pitcairn Co. Acquires 317 Shares of Omnicom Group Inc. (NYSE:OMC)

Pitcairn Co. increased its holdings in Omnicom Group Inc. (NYSE:OMC) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,126 shares of the business services provider’s stock after buying an additional 317 shares during the quarter. Pitcairn Co.’s holdings in Omnicom Group were worth $527,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. World Investment Advisors LLC grew its stake in shares of Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after acquiring an additional 17,815 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in Omnicom Group in the third quarter worth approximately $713,000. Franklin Resources Inc. grew its position in Omnicom Group by 19.7% in the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after purchasing an additional 38,022 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in 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 buying an additional 50,153 shares during the last quarter. Finally, Arvest Bank Trust Division bought a new position in shares of Omnicom Group during the 3rd quarter valued at $21,191,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Stock Performance

OMC opened at $72.65 on Friday. The company has a 50 day simple moving average of $82.42 and a two-hundred day simple moving average of $91.70. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a market cap of $14.28 billion, a P/E ratio of 9.75, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 1-year low of $72.54 and a 1-year high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly 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 return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the previous year, the firm earned $2.20 EPS. Equities analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors 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 dividend on an annualized basis and a yield of 3.85%. Omnicom Group’s dividend payout ratio is presently 37.58%.

Analyst Ratings Changes

A number of analysts recently commented on OMC shares. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Barclays dropped their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. Finally, Macquarie reiterated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Hold” and an average price target of $104.43.

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.