Omnicom Group Inc. (NYSE:OMC) Position Boosted by Olstein Capital Management L.P.

Olstein Capital Management L.P. boosted its position in Omnicom Group Inc. (NYSE:OMC) by 5.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 99,000 shares of the business services provider’s stock after buying an additional 5,000 shares during the period. Omnicom Group accounts for approximately 1.5% of Olstein Capital Management L.P.’s holdings, making the stock its 17th biggest holding. Olstein Capital Management L.P.’s holdings in Omnicom Group were worth $8,208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in shares of Omnicom Group by 45.7% during the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after purchasing an additional 143 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Omnicom Group by 13.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock valued at $105,000 after buying an additional 147 shares during the last quarter. MGO One Seven LLC raised its stake in Omnicom Group by 3.2% during the fourth quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider’s stock worth $437,000 after acquiring an additional 157 shares during the period. Convergence Financial LLC lifted its holdings in Omnicom Group by 6.5% in the fourth quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider’s stock worth $232,000 after acquiring an additional 165 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 195 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of research reports. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays lowered their price objective on Omnicom Group from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. UBS Group cut their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Citigroup restated a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.29.

Omnicom Group Trading Up 1.7%

NYSE:OMC opened at $71.43 on Monday. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.94 and a beta of 0.93. 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 1 year low of $69.13 and a 1 year high of $107.00. The business has a fifty day moving average of $74.51 and a 200-day moving average of $82.54.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. The firm had revenue of $3.69 billion during 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%. Equities analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current 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 issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, June 10th. This represents a $2.80 annualized dividend and a yield of 3.92%. Omnicom Group’s payout ratio is 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.