Omnicom Group Inc. (NYSE:OMC) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 8.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,002 shares of the business services provider's stock after selling 5,796 shares during the quarter. Nisa Investment Advisors LLC's holdings in Omnicom Group were worth $5,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position 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. MGO One Seven LLC increased its stake in Omnicom Group by 3.2% in the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock worth $437,000 after purchasing an additional 157 shares during the period. Mezzasalma Advisors LLC increased its stake in Omnicom Group by 3.1% in the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock worth $443,000 after purchasing an additional 159 shares during the period. Linden Thomas Advisory Services LLC increased its stake in Omnicom Group by 0.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider's stock worth $1,834,000 after purchasing an additional 165 shares during the period. Finally, Center for Financial Planning Inc. increased its stake in Omnicom Group by 2.2% in the first quarter. Center for Financial Planning Inc. now owns 9,168 shares of the business services provider's stock worth $760,000 after purchasing an additional 197 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Shares of Omnicom Group stock traded down $0.64 on Friday, reaching $72.79. The company's stock had a trading volume of 3,599,327 shares, compared to its average volume of 2,667,407. The company has a market capitalization of $14.20 billion, a P/E ratio of 9.96, a PEG ratio of 1.62 and a beta of 0.92. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $107.00. The stock has a 50-day moving average price of $73.29 and a 200-day moving average price of $78.53. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. The business had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on OMC. Citigroup reiterated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Thursday. 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 note on Thursday, March 20th. Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $105.00 to $80.00 in a report on Wednesday, June 25th. Finally, Wells Fargo & Company lowered their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.29.

Omnicom Group Company 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.