Caisse DE Depot ET Placement DU Quebec Invests $10.14 Million in Omnicom Group Inc. (NYSE:OMC)

Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 117,803 shares of the business services provider's stock, valued at approximately $10,136,000. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of Omnicom Group at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of OMC. Massachusetts Financial Services Co. MA lifted its position in Omnicom Group by 50.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after purchasing an additional 1,992,695 shares during the period. FMR LLC grew its stake in Omnicom Group by 250.1% in the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after acquiring an additional 1,436,231 shares during the period. JPMorgan Chase & Co. raised its position in shares of Omnicom Group by 91.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock worth $184,730,000 after purchasing an additional 1,027,567 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Omnicom Group in the fourth quarter worth approximately $79,321,000. Finally, First Trust Advisors LP grew its holdings in shares of Omnicom Group by 23.8% during the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock worth $334,076,000 after buying an additional 747,575 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Stock Down 0.2 %

Shares of OMC traded down $0.14 during mid-day trading on Wednesday, hitting $75.83. 2,757,320 shares of the company's stock were exchanged, compared to its average volume of 2,220,414. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.94 and a beta of 0.95. The firm has a fifty day moving average of $77.77 and a two-hundred day moving average of $87.09. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

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

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's dividend payout ratio is currently 38.30%.

Analysts Set New Price Targets

OMC has been the subject of several analyst reports. Barclays dropped their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Citigroup reiterated a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.29.

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.