Dimensional Fund Advisors LP Boosts Stake in Omnicom Group Inc. (NYSE:OMC)

Dimensional Fund Advisors LP raised its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,855,879 shares of the business services provider's stock after buying an additional 78,215 shares during the period. Dimensional Fund Advisors LP owned 0.94% of Omnicom Group worth $160,557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of Omnicom Group during the 3rd quarter valued at about $25,000. HHM Wealth Advisors LLC acquired a new stake in Omnicom Group in the 4th quarter valued at $26,000. Pinnacle Bancorp Inc. raised its stake in Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Omnicom Group during the third quarter valued at $38,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Omnicom Group by 116.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the business services provider's stock worth $52,000 after acquiring an additional 323 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Omnicom Group

In other news, Director Linda Johnson Rice sold 453 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the sale, the director now owns 9,830 shares of the company's stock, valued at approximately $911,044.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company's stock.

Omnicom Group Price Performance

Shares of OMC stock traded down $0.52 during trading hours on Friday, reaching $96.13. The company's stock had a trading volume of 1,042,629 shares, compared to its average volume of 1,619,239. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. Omnicom Group Inc. has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.28 and a beta of 0.96. The firm's 50 day simple moving average is $94.06 and its 200-day simple moving average is $88.02.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.15. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.58 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. Sell-side analysts forecast that Omnicom Group Inc. will post 7.84 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, June 10th. This represents a $2.80 annualized dividend and a yield of 2.91%. Omnicom Group's payout ratio is 37.84%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. 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. StockNews.com upgraded shares of Omnicom Group from a "hold" rating to a "buy" rating in a report on Thursday, April 18th. Barclays raised Omnicom Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $100.00 to $110.00 in a research report on Tuesday, May 7th. Macquarie raised their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company upgraded Omnicom Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $91.00 to $106.00 in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.40.

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.