World Investment Advisors Sells 10,043 Shares of Omnicom Group Inc. (NYSE:OMC)

World Investment Advisors decreased its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 32.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,953 shares of the business services provider's stock after selling 10,043 shares during the quarter. World Investment Advisors' holdings in Omnicom Group were worth $1,737,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Johnson Financial Group Inc. boosted its position in shares of Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after purchasing an additional 200 shares during the period. Versant Capital Management Inc increased its position in shares of Omnicom Group by 45.7% in 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 in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after acquiring an additional 404 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Omnicom Group by 230.2% in the 1st quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider's stock valued at $41,000 after acquiring an additional 343 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of Omnicom Group by 194.6% in the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after acquiring an additional 323 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

Shares of NYSE:OMC traded up $1.07 on Thursday, hitting $73.57. 2,695,516 shares of the company were exchanged, compared to its average volume of 2,649,501. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 1.01. The company's 50 day moving average price is $73.42 and its two-hundred day moving average price is $78.72. Omnicom Group Inc. has a one year low of $68.37 and a one year high of $107.00. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 1.64 and a beta of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. Research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.81%. Omnicom Group's payout ratio is 38.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $105.00 to $80.00 in a research note on Wednesday, June 25th. Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research report on Monday, June 23rd. Wells Fargo & Company cut their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. UBS Group dropped their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lowered their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Omnicom Group presently has an average rating of "Moderate Buy" and an average target price of $96.43.

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.