Bridgewater Associates LP Has $19.75 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Bridgewater Associates LP raised its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 115.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 229,549 shares of the business services provider's stock after acquiring an additional 122,997 shares during the quarter. Bridgewater Associates LP owned about 0.12% of Omnicom Group worth $19,750,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OMC. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after purchasing an additional 271 shares during the period. Venturi Wealth Management LLC grew its holdings in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after buying an additional 195 shares in the last quarter. Whittier Trust Co. increased its position in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after buying an additional 323 shares during the period. Finally, Trust Co. of Vermont increased its position in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after buying an additional 490 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

Omnicom Group stock traded down $1.20 during midday trading on Monday, reaching $72.04. The company's stock had a trading volume of 599,340 shares, compared to its average volume of 2,167,970. The stock has a market cap of $14.16 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. 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 52 week low of $69.13 and a 52 week high of $107.00. The business has a 50-day moving average price of $79.57 and a 200-day moving average price of $89.31.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. On average, sell-side analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barclays cut their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $101.29.

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.