Universal Beteiligungs und Servicegesellschaft mbH Reduces Holdings in Omnicom Group Inc. (NYSE:OMC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in Omnicom Group Inc. by 5.0%, selling 7,533 shares and owning approximately 0.07% of the company's stock valued at $11.76 million.
• Several institutional investors increased their positions in Omnicom Group during the fourth quarter, with JPMorgan Chase & Co. boosting its holdings by an impressive 91.8%, now owning over 2.14 million shares.
• Omnicom Group recently announced a quarterly dividend of $0.70, translating to an annual yield of 3.66%, with a payout ratio of 40.17%.

Universal Beteiligungs und Servicegesellschaft mbH cut its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 5.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,791 shares of the business services provider's stock after selling 7,533 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Omnicom Group worth $11,756,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in shares of 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 last quarter. MGO One Seven LLC lifted its holdings in shares of Omnicom Group by 3.2% during the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider's stock worth $437,000 after purchasing an additional 157 shares during the period. Mezzasalma Advisors LLC lifted its holdings in shares of Omnicom Group by 3.1% during the first quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider's stock worth $443,000 after purchasing an additional 159 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in shares of Omnicom Group by 0.8% during the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider's stock worth $1,834,000 after purchasing an additional 165 shares during the period. Finally, Center for Financial Planning Inc. lifted its holdings in shares of Omnicom Group by 2.2% during the first quarter. Center for Financial Planning Inc. now owns 9,168 shares of the business services provider's stock worth $760,000 after purchasing an additional 197 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Price Performance

Shares of Omnicom Group stock traded down $0.24 on Tuesday, reaching $74.39. The company's stock had a trading volume of 560,409 shares, compared to its average volume of 3,647,612. The company has a market capitalization of $14.41 billion, a P/E ratio of 10.67, a PEG ratio of 1.52 and a beta of 0.92. Omnicom Group Inc. has a 52-week low of $68.37 and a 52-week high of $107.00. The stock has a 50-day moving average price of $72.67 and a 200-day moving average price of $77.54. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $3.95 billion. Omnicom Group had a return on equity of 33.62% and a net margin of 8.67%. The business's revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 earnings per share. Analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Tuesday, September 2nd. Omnicom Group's payout ratio is 40.17%.

Analyst Ratings Changes

OMC has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a report on Wednesday, July 16th. Citigroup reissued a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. 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 report on Monday, June 23rd. Finally, Barclays downgraded 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 report on Wednesday, June 25th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. 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.