Stevens Capital Management LP Lowers Holdings in Omnicom Group Inc. (NYSE:OMC)

Key Points

• Stevens Capital Management LP reduced its holdings in Omnicom Group Inc. by 48.8%, selling 5,003 shares during the first quarter, bringing their total to 5,258 shares valued at approximately $436,000.
• Omnicom Group recently reported $4.02 billion in quarterly revenue, surpassing analysts' expectations of $3.95 billion, and posted an EPS of $2.05, which beat the consensus estimate by $0.03.
• The company has announced a quarterly dividend of $0.70 per share, representing an annualized dividend yield of 3.66%, with a dividend payout ratio of 40.17%.

Stevens Capital Management LP lowered its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 48.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,258 shares of the business services provider's stock after selling 5,003 shares during the period. Stevens Capital Management LP's holdings in Omnicom Group were worth $436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of OMC. Pacer Advisors Inc. raised its stake in Omnicom Group by 17,506.1% in the 1st quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider's stock worth $227,512,000 after acquiring an additional 2,728,494 shares during the last quarter. Assetmark Inc. raised its stake in shares of Omnicom Group by 1.4% during the 1st quarter. Assetmark Inc. now owns 546,158 shares of the business services provider's stock valued at $45,282,000 after buying an additional 7,345 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Omnicom Group by 1.2% during the 1st quarter. Cetera Investment Advisers now owns 131,034 shares of the business services provider's stock valued at $10,864,000 after buying an additional 1,605 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Omnicom Group by 12.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 19,205 shares of the business services provider's stock valued at $1,592,000 after buying an additional 2,168 shares during the last quarter. Finally, One Wealth Advisors LLC acquired a new stake in shares of Omnicom Group during the 1st quarter valued at about $208,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Price Performance

Shares of OMC stock traded down $0.48 during trading hours on Wednesday, hitting $73.85. The company's stock had a trading volume of 584,432 shares, compared to its average volume of 3,636,259. The business has a fifty day moving average of $72.64 and a 200-day moving average of $77.52. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.48 and a beta of 0.92. Omnicom Group Inc. has a twelve month low of $68.37 and a twelve month high of $107.00. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.03. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $1.95 earnings per share. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group's dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OMC. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. JPMorgan Chase & Co. reduced their price target 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. Citigroup reiterated 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 dropped their price target on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 16th. Finally, Bank of America upgraded shares of 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Omnicom Group currently has an average rating of "Moderate Buy" and an average price target of $94.43.

About Omnicom Group

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.