California State Teachers Retirement System Has $29.19 Million Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

California State Teachers Retirement System lifted its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 339,218 shares of the business services provider's stock after acquiring an additional 8,071 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Omnicom Group worth $29,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OMC. Vanguard Group Inc. increased its holdings in Omnicom Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock valued at $1,982,518,000 after purchasing an additional 99,424 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Omnicom Group by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock valued at $577,732,000 after purchasing an additional 156,438 shares during the last quarter. Massachusetts Financial Services Co. MA increased 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 purchasing an additional 1,992,695 shares during the last quarter. Geode Capital Management LLC increased its holdings in Omnicom Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock valued at $442,453,000 after purchasing an additional 51,148 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Omnicom Group by 23.8% in the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider's stock valued at $334,076,000 after purchasing an additional 747,575 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Down 1.0%

Shares of NYSE:OMC traded down $0.72 during mid-day trading on Friday, reaching $73.39. 6,605,679 shares of the stock were exchanged, compared to its average volume of 2,298,360. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market cap of $14.32 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The stock's 50 day simple moving average is $75.51 and its 200-day simple moving average is $83.81.

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 business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

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 issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.82%. Omnicom Group's payout ratio is presently 38.30%.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of recent analyst reports. 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 report on Thursday, March 20th. Wells Fargo & Company lowered 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. Barclays lowered their price target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered 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, Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Omnicom Group presently has an average rating of "Moderate Buy" and an average price target of $101.29.

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.