California Public Employees Retirement System Has $95.56 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

California Public Employees Retirement System decreased its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,104,617 shares of the business services provider's stock after selling 20,243 shares during the quarter. California Public Employees Retirement System owned about 0.56% of Omnicom Group worth $95,560,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Aviva PLC boosted its holdings in shares of Omnicom Group by 406.1% in the 3rd quarter. Aviva PLC now owns 126,306 shares of the business services provider's stock valued at $9,407,000 after acquiring an additional 101,348 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Omnicom Group in the 3rd quarter valued at $200,000. Raymond James & Associates boosted its holdings in Omnicom Group by 3.3% during the fourth quarter. Raymond James & Associates now owns 433,144 shares of the business services provider's stock worth $37,471,000 after buying an additional 13,709 shares in the last quarter. Arvest Investments Inc. purchased a new stake in Omnicom Group during the fourth quarter worth $1,969,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in Omnicom Group by 1,627.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider's stock worth $5,752,000 after buying an additional 62,640 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Price Performance

Shares of NYSE OMC traded up $0.73 during mid-day trading on Thursday, reaching $96.71. The company's stock had a trading volume of 2,094,433 shares, compared to its average volume of 1,659,910. The stock has a 50-day moving average of $92.23 and a two-hundred day moving average of $85.93. The stock has a market capitalization of $18.94 billion, a P/E ratio of 13.07, a P/E/G ratio of 2.21 and a beta of 0.97. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group Inc. has a 1-year low of $72.20 and a 1-year high of $99.23.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analysts' expectations of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 earnings per share. On average, equities research analysts anticipate that Omnicom Group Inc. will post 7.81 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Friday, March 8th. Omnicom Group's dividend payout ratio (DPR) is 37.84%.

Insider Activity

In related news, Director Linda Johnson Rice sold 507 shares of the firm's stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com raised shares of Omnicom Group from a "hold" rating to a "buy" rating in a report on Thursday, April 18th. Barclays increased their price target 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. Wells Fargo & Company raised shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an "overweight" rating in a report on Wednesday, April 17th. Finally, Macquarie increased their price objective on shares of Omnicom Group from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.40.

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.