Omnicom Group Inc. $OMC Stock Position Trimmed by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Omnicom Group Inc. by 31.1%, now holding 49,751 shares valued at approximately $4.13 million.
• Across the board, institutional investors own 91.97% of Omnicom Group's stock, with several hedge funds increasing their positions in the company during the first quarter.
• Omnicom Group recently announced a quarterly dividend of $0.70 per share, resulting in an annualized dividend yield of 3.7%.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 31.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,751 shares of the business services provider's stock after selling 22,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Omnicom Group were worth $4,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMC. Johnson Financial Group Inc. increased its stake 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 worth $29,000 after buying an additional 200 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Omnicom Group during the 1st quarter worth $34,000. Versant Capital Management Inc increased 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 period. CoreCap Advisors LLC increased 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 period. Finally, Golden State Wealth Management LLC increased its stake in Omnicom Group by 230.2% during the 1st 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 during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a report on Monday, June 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a report on Wednesday, July 16th. Finally, Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of "Moderate Buy" and a consensus price target of $94.43.

Omnicom Group Stock Performance

Shares of NYSE OMC traded up $1.9430 during midday trading on Friday, hitting $79.4230. The company's stock had a trading volume of 1,249,476 shares, compared to its average volume of 3,619,769. Omnicom Group Inc. has a 1-year low of $68.37 and a 1-year high of $107.00. The firm's fifty day moving average price is $73.24 and its 200-day moving average price is $76.19. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. The firm has a market cap of $15.39 billion, a P/E ratio of 11.42, a P/E/G ratio of 1.54 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $2.02 by $0.03. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.95 EPS. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.80 annualized dividend and a yield of 3.5%. Omnicom Group's dividend payout ratio (DPR) is currently 40.17%.

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.