Boston Trust Walden Corp Has $2.29 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Boston Trust Walden Corp lessened its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 83.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,654 shares of the business services provider's stock after selling 137,329 shares during the period. Boston Trust Walden Corp's holdings in Omnicom Group were worth $2,293,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OMC. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 buying an additional 1,992,695 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in Omnicom Group during the fourth quarter worth about $150,819,000. FMR LLC raised its position 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 worth $172,987,000 after acquiring an additional 1,436,231 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Omnicom Group by 91.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after acquiring an additional 1,027,567 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Omnicom Group during the 4th quarter valued at about $79,321,000. Institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Up 1.0%

Omnicom Group stock traded up $0.71 during midday trading on Friday, reaching $70.13. The stock had a trading volume of 8,876,313 shares, compared to its average volume of 2,470,717. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. 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 firm has a market cap of $13.68 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.69 and a beta of 0.93. The firm's fifty day simple moving average is $73.82 and its two-hundred day simple moving average is $80.38.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its 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. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. The business had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Equities analysts anticipate 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 will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

A number of analysts recently commented on OMC shares. Barclays dropped their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. UBS Group decreased 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 report on Thursday, March 20th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Citigroup reissued a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company cut their target price 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. One 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, Omnicom Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.

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.