Worldquant Millennium Advisors LLC Boosts Position in Omnicom Group Inc. (NYSE:OMC)

Worldquant Millennium Advisors LLC raised its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 3,954.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 279,452 shares of the business services provider's stock after acquiring an additional 272,560 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.14% of Omnicom Group worth $24,044,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC boosted its holdings in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares in the last quarter. Johnson Financial Group Inc. raised its holdings in Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after buying an additional 404 shares during the last quarter. Whittier Trust Co. boosted its holdings 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 valued at $42,000 after buying an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont grew its position in shares of Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after buying an additional 490 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OMC. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Citigroup reissued a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays reduced their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, UBS Group lowered their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $101.29.

Omnicom Group Stock Performance

NYSE:OMC traded up $0.04 during mid-day trading on Monday, reaching $73.17. The stock had a trading volume of 2,302,027 shares, compared to its average volume of 2,266,965. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The business has a 50 day simple moving average of $76.19 and a 200 day simple moving average of $84.59. Omnicom Group Inc. has a twelve month low of $69.13 and a twelve month high of $107.00. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.94 and a beta of 0.95.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. On average, analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

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