Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Meyer Handelman Co.

Meyer Handelman Co. boosted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 18.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 225,131 shares of the business services provider's stock after acquiring an additional 34,817 shares during the period. Meyer Handelman Co. owned about 0.11% of Omnicom Group worth $18,666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OMC. Blue Trust Inc. boosted its holdings in shares of Omnicom Group by 41.6% in the 4th quarter. Blue Trust Inc. now owns 3,800 shares of the business services provider's stock valued at $327,000 after purchasing an additional 1,116 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Omnicom Group during the 4th quarter valued at $365,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Omnicom Group by 13.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,695 shares of the business services provider's stock valued at $3,587,000 after acquiring an additional 4,920 shares in the last quarter. BTC Capital Management Inc. lifted its holdings in shares of Omnicom Group by 4.7% during the 4th quarter. BTC Capital Management Inc. now owns 54,248 shares of the business services provider's stock valued at $4,651,000 after acquiring an additional 2,424 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC acquired a new position in shares of Omnicom Group during the 4th quarter valued at $219,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Citigroup reiterated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a report on Tuesday, April 15th. Barclays cut their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group cut their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Stock Performance

OMC traded down $3.04 during trading on Monday, reaching $70.40. 6,180,193 shares of the company were exchanged, compared to its average volume of 2,314,619. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a market cap of $13.74 billion, a P/E ratio of 9.45, a PEG ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The firm has a 50 day moving average of $75.51 and a 200 day moving average of $83.52.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. The business 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 36.39% and a net margin of 9.44%. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's dividend payout ratio is currently 38.30%.

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.