Flputnam Investment Management Co. Sells 28,954 Shares of Omnicom Group Inc. (NYSE:OMC)

Flputnam Investment Management Co. reduced its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 32.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,366 shares of the business services provider's stock after selling 28,954 shares during the period. Flputnam Investment Management Co.'s holdings in Omnicom Group were worth $5,136,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Mackenzie Financial Corp lifted its position in Omnicom Group by 6.3% during the 4th quarter. Mackenzie Financial Corp now owns 42,529 shares of the business services provider's stock valued at $3,679,000 after acquiring an additional 2,537 shares during the period. Louisiana State Employees Retirement System purchased a new position in Omnicom Group during the 4th quarter valued at about $1,038,000. Graypoint LLC lifted its position in Omnicom Group by 45.0% during the 4th quarter. Graypoint LLC now owns 4,060 shares of the business services provider's stock valued at $351,000 after acquiring an additional 1,260 shares during the period. Koshinski Asset Management Inc. lifted its position in Omnicom Group by 7.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 5,139 shares of the business services provider's stock valued at $445,000 after acquiring an additional 340 shares during the period. Finally, Vaughan David Investments LLC IL lifted its position in Omnicom Group by 1.4% during the 4th quarter. Vaughan David Investments LLC IL now owns 430,839 shares of the business services provider's stock valued at $37,272,000 after acquiring an additional 5,795 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Stock Performance

Shares of OMC traded up $0.38 during mid-day trading on Tuesday, hitting $90.93. 2,842,015 shares of the company traded hands, compared to its average volume of 1,612,128. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. The stock has a 50-day moving average price of $91.13 and a two-hundred day moving average price of $85.09. Omnicom Group Inc. has a 1 year low of $72.20 and a 1 year high of $99.23. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 2.17 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. The firm had revenue of $4.06 billion during the quarter, compared to analysts' expectations of $4 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 earnings per share. Equities analysts anticipate that Omnicom Group Inc. will post 7.73 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 3.08%. Omnicom Group's dividend payout ratio (DPR) is 40.46%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $106.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday, February 7th. UBS Group assumed coverage on shares of Omnicom Group in a report on Thursday, January 11th. They issued a "buy" rating and a $117.00 target price for the company. StockNews.com raised shares of Omnicom Group from a "hold" rating to a "buy" rating in a report on Thursday, April 4th. Barclays lifted their target price on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Finally, BNP Paribas raised shares of Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 target price for the company in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.44.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.

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.