CCM Investment Advisers LLC trimmed its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 45.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,108 shares of the business services provider's stock after selling 4,275 shares during the period. CCM Investment Advisers LLC's holdings in Omnicom Group were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of OMC. Massachusetts Financial Services Co. MA boosted its stake 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 boosted its stake 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. boosted 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 acquiring an additional 1,027,567 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Omnicom Group in the fourth quarter valued at approximately $79,321,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.
Omnicom Group Stock Performance
Shares of Omnicom Group stock traded down $1.77 during trading on Friday, hitting $69.42. 3,958,703 shares of the company's stock were exchanged, compared to its average volume of 2,417,626. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The business has a 50-day simple moving average of $74.30 and a 200-day simple moving average of $81.41. Omnicom Group Inc. has a 52-week low of $69.13 and a 52-week high of $107.00. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 1.94 and a beta of 0.93.
Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. On average, research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.
Omnicom Group Dividend Announcement
The firm also recently announced 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 is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 4.03%. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.
Analysts Set New Price Targets
Several brokerages have weighed in on OMC. Citigroup restated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Barclays lowered their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, 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 note on Thursday, March 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.
Get Our Latest Stock Report on OMC
Omnicom Group Profile
(
Free Report)
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.
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