Capital Research Global Investors Sells 20,534 Shares of Omnicom Group Inc. (NYSE:OMC)

Capital Research Global Investors cut its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,907,985 shares of the business services provider’s stock after selling 20,534 shares during the quarter. Capital Research Global Investors’ holdings in Omnicom Group were worth $250,203,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Omnicom Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider’s stock valued at $1,982,518,000 after acquiring an additional 99,424 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Omnicom Group by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider’s stock worth $577,732,000 after purchasing an additional 156,438 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Omnicom Group by 50.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider’s stock valued at $513,922,000 after buying an additional 1,992,695 shares during the last quarter. Geode Capital Management LLC increased its holdings in Omnicom Group by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider’s stock worth $442,453,000 after buying an additional 51,148 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Omnicom Group by 23.8% in the fourth quarter. First Trust Advisors LP now owns 3,882,800 shares of the business services provider’s stock valued at $334,076,000 after acquiring an additional 747,575 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays cut 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 note on Thursday. UBS Group cut their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Argus lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company cut their price target on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.29.

Omnicom Group Stock Up 2.7 %

OMC stock opened at $73.16 on Friday. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.94 and a beta of 0.87. The business’s fifty day moving average price is $79.57 and its two-hundred day moving average price is $89.39.

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

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is currently 38.30%.

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.