Avior Wealth Management LLC Trims Position in Omnicom Group Inc. (NYSE:OMC)

Avior Wealth Management LLC decreased its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 97.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 322 shares of the business services provider's stock after selling 12,589 shares during the quarter. Avior Wealth Management LLC's holdings in Omnicom Group were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OMC. Venturi Wealth Management LLC lifted its position in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Versant Capital Management Inc lifted its position in Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after purchasing an additional 143 shares during the last quarter. CoreCap Advisors LLC lifted its position in Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after purchasing an additional 404 shares during the last quarter. Finally, Whittier Trust Co. lifted its position in Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after purchasing an additional 323 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on OMC. UBS Group lowered their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Citigroup reiterated a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Monday. Wells Fargo & Company reduced their target price 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, 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 research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.43.

Omnicom Group Trading Up 0.8%

Shares of OMC traded up $0.55 during midday trading on Thursday, hitting $71.24. The stock had a trading volume of 5,988,895 shares, compared to its average volume of 2,551,218. Omnicom Group Inc. has a 1 year low of $68.37 and a 1 year high of $107.00. The firm has a market cap of $13.90 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 0.87. The stock's 50 day moving average is $73.58 and its 200 day moving average is $79.73.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. As a group, analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio is presently 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.