Capital Research Global Investors Reduces Position in Omnicom Group Inc. (NYSE:OMC)

Capital Research Global Investors lessened its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,907,985 shares of the business services provider's stock after selling 20,534 shares during the period. Capital Research Global Investors owned about 1.48% of Omnicom Group worth $250,203,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC raised its position in 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. Franklin Resources Inc. raised its holdings 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 lifted its position in Omnicom Group by 15.4% during the fourth 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 purchasing an additional 50,153 shares in the last quarter. Arvest Bank Trust Division bought a new stake in Omnicom Group during the third quarter valued at about $21,191,000. Finally, Avanza Fonder AB purchased a new stake in Omnicom Group in the fourth quarter worth about $1,544,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on OMC shares. UBS Group cut their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Citigroup reiterated a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, 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, April 17th. One equities research 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Price Performance

Shares of NYSE:OMC traded down $1.79 during mid-day trading on Friday, reaching $74.58. The stock had a trading volume of 1,245,665 shares, compared to its average volume of 2,189,454. The business's 50 day moving average price is $78.92 and its 200 day moving average price is $88.71. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The company has a market cap of $14.55 billion, a P/E ratio of 10.02, 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 (NYSE:OMC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were given a $0.70 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.75%. Omnicom Group's dividend payout ratio is currently 38.30%.

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.