Avanza Fonder AB Invests $1.54 Million in Omnicom Group Inc. (NYSE:OMC)

Avanza Fonder AB purchased a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,943 shares of the business services provider's stock, valued at approximately $1,544,000.

Other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC grew its stake in shares of Omnicom Group by 209.7% in the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after purchasing an additional 17,815 shares during the last quarter. Central Pacific Bank Trust Division grew its position in Omnicom Group by 16.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider's stock valued at $295,000 after buying an additional 401 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Omnicom Group in the 3rd quarter valued at $713,000. Assetmark Inc. raised its position in Omnicom Group by 2.0% during the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider's stock worth $50,562,000 after buying an additional 9,774 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Omnicom Group by 40.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider's stock worth $3,077,000 after acquiring an additional 8,643 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Price Performance

Shares of OMC stock traded down $0.44 during mid-day trading on Friday, reaching $85.41. The stock had a trading volume of 2,642,245 shares, compared to its average volume of 1,907,249. The company has a market cap of $16.66 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group Inc. has a 12-month low of $81.42 and a 12-month high of $107.00. The business has a 50-day simple moving average of $93.30 and a 200 day simple moving average of $96.57.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.28%. Omnicom Group's dividend payout ratio is presently 38.25%.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Macquarie reiterated an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. UBS Group raised their price target on Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company reduced their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.00.

Omnicom Group 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.