JGP Wealth Management LLC lessened its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,587 shares of the business services provider's stock after selling 3,693 shares during the quarter. JGP Wealth Management LLC's holdings in Omnicom Group were worth $1,541,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Omnicom Group during the 4th quarter valued at approximately $366,000. Vest Financial LLC raised its position in shares of Omnicom Group by 41.1% during the 4th quarter. Vest Financial LLC now owns 393,490 shares of the business services provider's stock valued at $33,856,000 after buying an additional 114,703 shares during the period. Van ECK Associates Corp raised its position in shares of Omnicom Group by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 99,353 shares of the business services provider's stock valued at $8,549,000 after buying an additional 9,590 shares during the period. Choreo LLC raised its position in shares of Omnicom Group by 77.1% during the 4th quarter. Choreo LLC now owns 10,267 shares of the business services provider's stock valued at $881,000 after buying an additional 4,469 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Omnicom Group by 19.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,089 shares of the business services provider's stock valued at $1,994,000 after buying an additional 3,793 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.
Omnicom Group Stock Down 1.0%
Shares of Omnicom Group stock traded down $0.71 during trading hours on Thursday, reaching $70.50. 1,067,340 shares of the company were exchanged, compared to its average volume of 2,322,781. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The stock's fifty day moving average is $74.93 and its 200 day moving average is $83.17. 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 firm has a market cap of $13.76 billion, a PE ratio of 9.46, a PEG ratio of 1.94 and a beta of 0.93.
Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. As a group, equities research analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.
Omnicom Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's dividend payout ratio is currently 38.30%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on OMC. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. 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 report on Thursday, March 20th. Wells Fargo & Company cut their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Citigroup reissued a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, Barclays cut their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $101.29.
Read Our Latest Analysis on OMC
About Omnicom Group
(
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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