Greenleaf Trust Sells 6,372 Shares of Omnicom Group Inc. (NYSE:OMC)

Greenleaf Trust trimmed its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 22.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,472 shares of the business services provider's stock after selling 6,372 shares during the period. Greenleaf Trust's holdings in Omnicom Group were worth $1,780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of OMC. Johnson Financial Group Inc. boosted its position in shares of 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 purchasing an additional 200 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after acquiring an additional 143 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after acquiring an additional 404 shares during the last quarter. Whittier Trust Co. increased its position 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 purchasing an additional 323 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position 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 purchasing an additional 343 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OMC has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their target price on 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. UBS Group decreased their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Barclays lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, Citigroup reaffirmed a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $95.29.

Omnicom Group Trading Down 0.9%

Shares of Omnicom Group stock traded down $0.64 on Friday, hitting $72.79. 3,599,327 shares of the company's stock traded hands, compared to its average volume of 2,669,898. 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. The company has a fifty day moving average of $73.29 and a two-hundred day moving average of $78.42. The company has a market capitalization of $14.20 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.60 and a beta of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The firm 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 34.85% and a net margin of 9.20%. As a group, sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.85%. The ex-dividend date was Tuesday, June 10th. Omnicom Group's dividend payout ratio is 38.30%.

About Omnicom Group

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.