Omnicom Group Inc. (NYSE:OMC) Holdings Lifted by Edmp Inc.

Edmp Inc. increased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 154.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,703 shares of the business services provider's stock after purchasing an additional 12,564 shares during the quarter. Omnicom Group accounts for about 1.4% of Edmp Inc.'s investment portfolio, making the stock its 27th largest holding. Edmp Inc.'s holdings in Omnicom Group were worth $1,716,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC grew its holdings in shares of 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. boosted its position in Omnicom Group by 153.8% during the 4th 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 period. Versant Capital Management Inc grew its stake in Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after buying an additional 143 shares during the last quarter. CoreCap Advisors LLC grew its stake in Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after buying an additional 404 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OMC shares. UBS Group cut their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Barclays cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $105.00 to $80.00 in a report on Wednesday. Citigroup reissued a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $96.43.

Omnicom Group Price Performance

OMC stock traded up $0.55 during trading on Thursday, hitting $71.24. The company had a trading volume of 5,988,895 shares, compared to its average volume of 2,545,531. The business has a 50 day moving average of $73.62 and a 200 day moving average of $79.88. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 1.60 and a beta of 0.93. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 1.24. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates 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, research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company 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 yield of 3.93%. Omnicom Group's payout ratio is 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.