Dimensional Fund Advisors LP Raises Stake in Omnicom Group Inc. (NYSE:OMC)

Dimensional Fund Advisors LP raised its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,902,160 shares of the business services provider's stock after purchasing an additional 248,149 shares during the period. Dimensional Fund Advisors LP owned 1.48% of Omnicom Group worth $249,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors LLC grew its holdings in Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after purchasing an additional 17,815 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Omnicom Group by 19.7% in the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider's stock worth $23,860,000 after acquiring an additional 38,022 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Omnicom Group by 15.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider's stock worth $32,411,000 after acquiring an additional 50,153 shares during the period. Arvest Bank Trust Division bought a new position in shares of Omnicom Group in the third quarter worth $21,191,000. Finally, Avanza Fonder AB bought a new position in shares of Omnicom Group in the fourth quarter worth $1,544,000. 91.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OMC has been the subject of a number of analyst reports. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company cut their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, UBS Group dropped 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group has an average rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Price Performance

NYSE:OMC traded down $1.50 during trading hours on Friday, hitting $74.87. 2,748,397 shares of the company's stock traded hands, compared to its average volume of 2,197,412. The firm has a market cap of $14.61 billion, a P/E ratio of 10.05, a P/E/G ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The business's fifty day simple moving average is $78.75 and its two-hundred day simple moving average is $88.34. 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 posted 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. The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. On average, research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's dividend payout ratio is currently 38.30%.

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.