Welch & Forbes LLC Sells 1,263 Shares of Omnicom Group Inc. (NYSE:OMC)

Welch & Forbes LLC decreased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 301,664 shares of the business services provider’s stock after selling 1,263 shares during the quarter. Welch & Forbes LLC owned 0.15% of Omnicom Group worth $26,097,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 507 shares of Omnicom Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Trading Up 0.5 %

NYSE OMC traded up $0.44 on Monday, reaching $93.19. The company had a trading volume of 1,387,192 shares, compared to its average volume of 1,648,076. Omnicom Group Inc. has a 52 week low of $72.20 and a 52 week high of $99.23. The stock’s 50 day moving average is $93.01 and its 200-day moving average is $86.99. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The stock has a market cap of $18.25 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 2.18 and a beta of 0.96.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.96% and a return on equity of 38.23%. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. During the same period last year, the company posted $2.09 EPS. Omnicom Group’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts predict that Omnicom Group Inc. will post 7.81 earnings per share for the current year.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, March 8th. Omnicom Group’s payout ratio is presently 37.84%.

Wall Street Analyst Weigh In

Several research firms have issued reports on OMC. Macquarie increased their price objective on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. UBS Group assumed coverage on Omnicom Group in a research note on Thursday, January 11th. They issued a “buy” rating and a $117.00 target price for the company. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group currently has an average rating of “Moderate Buy” and an average price target of $103.40.

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.