Ensign Peak Advisors Inc Raises Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Ensign Peak Advisors Inc boosted its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,850 shares of the business services provider's stock after purchasing an additional 7,551 shares during the quarter. Ensign Peak Advisors Inc's holdings in Omnicom Group were worth $7,817,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Venturi Wealth Management LLC lifted 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 in the last quarter. Johnson Financial Group Inc. lifted its position in shares of Omnicom Group by 153.8% during the fourth 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 in the last quarter. CoreCap Advisors LLC lifted its position 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 purchasing an additional 404 shares in the last quarter. Whittier Trust Co. increased its holdings in Omnicom Group by 194.6% during the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after buying an additional 323 shares during the last quarter. Finally, Trust Co. of Vermont increased its holdings in Omnicom Group by 742.4% during the fourth 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 last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Price Performance

Omnicom Group stock traded up $0.69 during mid-day trading on Friday, hitting $76.98. 1,888,999 shares of the company traded hands, compared to its average volume of 2,240,591. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a one year low of $69.13 and a one year high of $107.00. The stock has a fifty day moving average price of $76.78 and a 200-day moving average price of $85.81.

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

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Tuesday, June 10th. Omnicom Group's payout ratio is 38.30%.

Wall Street Analysts Forecast Growth

OMC has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Citigroup reaffirmed a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. Finally, Barclays dropped their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.29.

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.