USS Investment Management Ltd Has $5.21 Million Position in Omnicom Group Inc. (NYSE:OMC)

USS Investment Management Ltd lowered its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,515 shares of the business services provider's stock after selling 9,390 shares during the quarter. USS Investment Management Ltd's holdings in Omnicom Group were worth $5,208,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake 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 valued at $28,000 after buying an additional 195 shares in the last quarter. Johnson Financial Group Inc. lifted its stake 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 valued at $29,000 after buying an additional 200 shares in the last quarter. CoreCap Advisors LLC lifted its stake in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after buying an additional 404 shares in the last quarter. Whittier Trust Co. lifted its stake in Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after buying an additional 323 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in Omnicom Group in the fourth quarter valued at approximately $62,000. Institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Down 0.6%

OMC stock opened at $73.06 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The company's 50-day simple moving average is $76.36 and its 200 day simple moving average is $85.07. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The company has a market capitalization of $14.25 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly 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. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.73 billion. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.83%. Omnicom Group's dividend payout ratio is 38.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OMC shares. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company cut 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 research report on Wednesday, April 16th. Barclays cut their price objective on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Citigroup reissued a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday, April 15th. One research 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. According to MarketBeat, the company currently has a consensus 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.

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