Olstein Capital Management L.P. Acquires 5,000 Shares of Omnicom Group Inc. (NYSE:OMC)

Olstein Capital Management L.P. raised its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,000 shares of the business services provider's stock after purchasing an additional 5,000 shares during the period. Omnicom Group accounts for approximately 1.5% of Olstein Capital Management L.P.'s investment portfolio, making the stock its 17th biggest position. Olstein Capital Management L.P. owned approximately 0.05% of Omnicom Group worth $8,208,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Venturi Wealth Management LLC raised its position in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 195 shares in the last quarter. Johnson Financial Group Inc. raised its position in shares of Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after acquiring an additional 143 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after acquiring an additional 404 shares in the last quarter. Finally, Whittier Trust Co. raised its position in shares of Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after acquiring an additional 323 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Omnicom Group Stock Up 2.3%

OMC stock traded up $1.65 during mid-day trading on Tuesday, reaching $73.20. 4,110,148 shares of the company traded hands, compared to its average volume of 2,355,982. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 1.94 and a beta of 0.93. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The firm's 50 day moving average price is $74.36 and its 200 day moving average price is $82.33.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results 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. 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%. As a group, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. Omnicom Group's dividend payout ratio (DPR) is currently 38.30%.

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.