Woodline Partners LP Buys Shares of 119,283 Omnicom Group Inc. (NYSE:OMC)

Woodline Partners LP bought a new stake in Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 119,283 shares of the business services provider's stock, valued at approximately $10,263,000. Woodline Partners LP owned approximately 0.06% of Omnicom Group as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OMC. Massachusetts Financial Services Co. MA raised its holdings in Omnicom Group by 50.1% in 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 acquiring an additional 1,992,695 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Omnicom Group in the fourth quarter valued at approximately $150,819,000. FMR LLC raised its holdings in Omnicom Group by 250.1% in the fourth 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 in the last quarter. JPMorgan Chase & Co. increased its stake in Omnicom Group by 91.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after purchasing an additional 1,027,567 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Omnicom Group in the fourth quarter valued at approximately $79,321,000. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Performance

Shares of OMC traded up $0.02 during mid-day trading on Wednesday, reaching $74.27. 816,957 shares of the company's stock were exchanged, compared to its average volume of 3,145,602. 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 stock has a market capitalization of $14.49 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. The business's fifty day simple moving average is $75.89 and its 200-day simple moving average is $84.30. Omnicom Group Inc. has a 52-week low of $69.13 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results 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 business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. On average, equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be given a $0.70 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.77%. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

Wall Street Analyst Weigh In

Several equities analysts have commented on OMC shares. 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. Barclays dropped their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Wells Fargo & Company dropped 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. Finally, UBS Group dropped their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.