Clark Estates Inc. NY Decreases Stake in Omnicom Group Inc. (NYSE:OMC)

Clark Estates Inc. NY cut its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 20.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,200 shares of the business services provider's stock after selling 6,329 shares during the period. Clark Estates Inc. NY's holdings in Omnicom Group were worth $2,089,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OMC. Pacer Advisors Inc. lifted its holdings in Omnicom Group by 17,506.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider's stock valued at $227,512,000 after buying an additional 2,728,494 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after purchasing an additional 1,992,695 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Omnicom Group in the 4th quarter valued at about $150,819,000. FMR LLC raised its holdings in shares of Omnicom Group by 250.1% in the 4th quarter. FMR LLC now owns 2,010,547 shares of the business services provider's stock valued at $172,987,000 after purchasing an additional 1,436,231 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Omnicom Group by 91.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,147,019 shares of the business services provider's stock valued at $184,730,000 after purchasing an additional 1,027,567 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

Shares of OMC traded down $0.94 during trading hours on Friday, hitting $71.11. The stock had a trading volume of 2,435,325 shares, compared to its average volume of 4,472,830. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92. The firm has a 50-day moving average price of $72.56 and a 200 day moving average price of $77.32. Omnicom Group Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 1.43 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. The business had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 earnings per share. As a group, research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 3.9%. Omnicom Group's payout ratio is presently 40.17%.

Analysts Set New Price Targets

OMC has been the topic of a number of analyst reports. Citigroup reaffirmed a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research report on Monday, June 23rd. Wells Fargo & Company cut their price objective on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 16th. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Finally, Barclays downgraded shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.43.

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.