Omnicom Group Inc. (NYSE:OMC) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC reduced its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,337 shares of the business services provider's stock after selling 5,167 shares during the period. Manning & Napier Advisors LLC's holdings in Omnicom Group were worth $4,339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares during the period. Johnson Financial Group Inc. raised its stake 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 acquiring an additional 200 shares during the period. Versant Capital Management Inc raised its stake in Omnicom Group by 45.7% during the first 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 during the period. CoreCap Advisors LLC raised 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 purchasing an additional 404 shares during the period. Finally, Whittier Trust Co. raised its position in shares of Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after purchasing an additional 323 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Omnicom Group Price Performance

Shares of OMC opened at $70.13 on Monday. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 1.01. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The stock's fifty day moving average is $73.82 and its 200-day moving average is $80.22.

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

Omnicom Group Dividend Announcement

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

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