Massachusetts Financial Services Co. MA Grows Position in Omnicom Group Inc. (NYSE:OMC)

Massachusetts Financial Services Co. MA boosted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 20.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,178,226 shares of the business services provider's stock after buying an additional 1,205,165 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 3.68% of Omnicom Group worth $595,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC boosted its stake in shares of Omnicom Group by 157.9% during the first quarter. Merit Financial Group LLC now owns 7,661 shares of the business services provider's stock valued at $635,000 after purchasing an additional 4,690 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of Omnicom Group by 230.2% during the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock valued at $41,000 after purchasing an additional 343 shares during the period. Fifth Third Bancorp boosted its stake in shares of Omnicom Group by 13.9% during the first quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider's stock valued at $618,000 after purchasing an additional 913 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Omnicom Group during the first quarter valued at approximately $1,357,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Omnicom Group by 10.4% during the first quarter. Asset Management One Co. Ltd. now owns 81,474 shares of the business services provider's stock valued at $6,755,000 after purchasing an additional 7,665 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Up 0.2%

OMC traded up $0.15 during trading on Friday, reaching $71.01. The stock had a trading volume of 3,256,281 shares, compared to its average volume of 2,733,410. The stock's 50 day moving average is $72.96 and its two-hundred day moving average is $78.14. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.62 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.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.03. Omnicom Group had a return on equity of 34.16% and a net margin of 8.67%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the company earned $1.95 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.94%. Omnicom Group's payout ratio is presently 40.17%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OMC. Barclays lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. UBS Group dropped their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Citigroup reaffirmed a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Finally, Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a research note on Monday, June 23rd. Four 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 has an average rating of "Moderate Buy" and a consensus target price of $94.43.

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.