Mirabella Financial Services LLP Cuts Holdings in Omnicom Group Inc. (NYSE:OMC)

Mirabella Financial Services LLP lowered its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 81.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,836 shares of the business services provider's stock after selling 37,550 shares during the period. Mirabella Financial Services LLP's holdings in Omnicom Group were worth $760,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. acquired a new position in Omnicom Group in the 4th quarter worth about $25,000. Versant Capital Management Inc increased its stake in shares of Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after buying an additional 271 shares during the period. Venturi Wealth Management LLC increased its stake in shares of 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 during the period. Whittier Trust Co. raised its holdings in 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 buying an additional 323 shares during the last quarter. Finally, Trust Co. of Vermont boosted its position in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after buying an additional 490 shares during the period. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Down 2.0 %

Shares of OMC traded down $1.50 during trading hours on Friday, reaching $74.87. The stock had a trading volume of 2,748,397 shares, compared to its average volume of 2,195,515. The firm has a 50-day simple moving average of $78.75 and a 200 day simple moving average of $88.53. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. Equities research analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.74%. Omnicom Group's payout ratio is 38.30%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on OMC shares. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. UBS Group reduced their price target 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. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup reiterated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group 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.