Omnicom Group Inc. (NYSE:OMC) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,060 shares of the business services provider's stock after selling 4,776 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Omnicom Group were worth $6,114,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its position 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 worth $28,000 after acquiring an additional 195 shares in the last quarter. Johnson Financial Group Inc. raised its position in Omnicom Group by 153.8% in 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 in the last quarter. CoreCap Advisors LLC raised its position in Omnicom Group by 708.8% in the fourth 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. Whittier Trust Co. raised its position in Omnicom Group by 194.6% in the fourth 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. Finally, Catalyst Capital Advisors LLC acquired a new stake in Omnicom Group in the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Price Performance

Shares of OMC traded down $0.72 during trading hours on Friday, reaching $73.39. 6,605,679 shares of the company traded hands, compared to its average volume of 2,295,665. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $14.32 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The stock has a fifty day simple moving average of $75.65 and a 200 day simple moving average of $84.02.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.73 billion. As a group, research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.82%. Omnicom Group's dividend payout ratio is presently 38.30%.

Analyst Upgrades and Downgrades

OMC has been the topic of several research reports. UBS Group lowered their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Citigroup reissued a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. Wells Fargo & Company lowered their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $101.29.

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.