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First Horizon Advisors Inc. Acquires 17,669 Shares of Omnicom Group Inc. (NYSE:OMC)

Omnicom Group logo with Business Services background

First Horizon Advisors Inc. lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 7.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,954 shares of the business services provider's stock after acquiring an additional 17,669 shares during the quarter. First Horizon Advisors Inc. owned approximately 0.13% of Omnicom Group worth $20,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. raised its holdings in Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Versant Capital Management Inc increased its position in shares of 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 buying an additional 143 shares during the period. CoreCap Advisors LLC raised its stake in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after buying an additional 404 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Omnicom Group by 230.2% in the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock worth $41,000 after buying an additional 343 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in Omnicom Group by 194.6% in the fourth 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 period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Down 0.4%

OMC stock traded down $0.31 on Friday, reaching $74.71. 2,279,954 shares of the company traded hands, compared to its average volume of 2,607,986. The firm has a fifty day simple moving average of $73.55 and a 200-day simple moving average of $78.90. The company has a market cap of $14.58 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 1.65 and a beta of 0.92. Omnicom Group Inc. has a one year low of $68.37 and a one year 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.

Omnicom Group (NYSE:OMC - Get Free Report) last released its 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 firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. Research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share 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 given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's dividend payout ratio (DPR) is 38.30%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Barclays lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Citigroup reiterated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a report on Tuesday, April 15th. Wells Fargo & Company lowered their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a report on Monday, June 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $96.43.

Get Our Latest Report on Omnicom Group

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.

Further Reading

Institutional Ownership by Quarter for Omnicom Group (NYSE:OMC)

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