Naples Global Advisors LLC Sells 3,562 Shares of Omnicom Group Inc. (NYSE:OMC)

Naples Global Advisors LLC trimmed its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,784 shares of the business services provider's stock after selling 3,562 shares during the period. Naples Global Advisors LLC's holdings in Omnicom Group were worth $1,237,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OMC. Compagnie Lombard Odier SCmA bought a new stake in shares of Omnicom Group during the 4th quarter worth $366,000. Vest Financial LLC lifted its holdings 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 worth $33,856,000 after acquiring an additional 114,703 shares during the last quarter. Van ECK Associates Corp lifted its holdings 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 worth $8,549,000 after acquiring an additional 9,590 shares during the last quarter. Choreo LLC lifted its holdings 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 worth $881,000 after acquiring an additional 4,469 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 worth $1,994,000 after acquiring an additional 3,793 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Omnicom Group Price Performance

OMC stock opened at $70.20 on Friday. The firm's 50-day moving average price is $74.68 and its two-hundred day moving average price is $82.98. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 1.94 and a beta of 0.93. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. As a group, equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Tuesday, June 10th. Omnicom Group's payout ratio is 38.30%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OMC. Wells Fargo & Company dropped their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. UBS Group lowered their price target on shares of 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 reissued a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, Barclays lowered their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $101.29.

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.

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