Omnicom Group Inc. $OMC Holdings Decreased by Marino Stram & Associates LLC

Key Points

• Marino Stram & Associates LLC reduced its holdings in Omnicom Group by 51.1%, now owning 5,681 shares valued at approximately $409,000.
• Several institutional investors significantly increased their stakes in Omnicom Group, with Pacer Advisors Inc. boosting its position by 17,506.1% in the first quarter.
• Analysts have mixed ratings for Omnicom Group, with Wells Fargo upgrading its rating from "equal weight" to "overweight" and a price target increase to $91.00.

Marino Stram & Associates LLC decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 51.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,681 shares of the business services provider's stock after selling 5,925 shares during the quarter. Marino Stram & Associates LLC's holdings in Omnicom Group were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of OMC. Pacer Advisors Inc. lifted its position in shares of Omnicom Group by 17,506.1% in the first quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider's stock worth $227,512,000 after purchasing an additional 2,728,494 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Omnicom Group by 20.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock valued at $595,147,000 after buying an additional 1,205,165 shares during the period. Baird Financial Group Inc. increased its stake in Omnicom Group by 44.5% in the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider's stock valued at $323,040,000 after buying an additional 1,199,725 shares during the period. AQR Capital Management LLC increased its stake in Omnicom Group by 1,836.5% in the 1st quarter. AQR Capital Management LLC now owns 1,086,752 shares of the business services provider's stock valued at $89,114,000 after buying an additional 1,030,633 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Omnicom Group by 42.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider's stock valued at $245,909,000 after buying an additional 887,415 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Barclays cut Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a research note on Monday, June 23rd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $96.29.

Omnicom Group Stock Performance

Shares of NYSE OMC opened at $81.48 on Wednesday. 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 market cap of $15.78 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.54 and a beta of 0.97. The business's 50-day simple moving average is $76.32 and its 200-day simple moving average is $75.13. Omnicom Group Inc. has a 52 week low of $68.37 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%.The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 EPS. As a group, equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 2nd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's payout ratio is presently 40.17%.

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.

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