5,546 Shares in Omnicom Group Inc. (NYSE:OMC) Bought by Verity & Verity LLC

Verity & Verity LLC purchased a new position in 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 and Exchange Commission. The institutional investor purchased 5,546 shares of the business services provider's stock, valued at approximately $477,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. ST Germain D J Co. Inc. bought a new position in Omnicom Group in the fourth quarter valued at $25,000. Versant Capital Management Inc boosted its holdings in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group during the 3rd quarter valued at about $33,000. Davis Capital Management purchased a new position in shares of Omnicom Group during the 3rd quarter valued at about $36,000. Finally, HM Payson & Co. lifted its position in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock worth $38,000 after buying an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on OMC. Macquarie reiterated an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. 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. Wells Fargo & Company reduced their price objective on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 10th. Finally, UBS Group boosted their target price on Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $110.00.

Omnicom Group Trading Down 0.5 %

Shares of Omnicom Group stock traded down $0.44 during midday trading on Friday, reaching $85.41. 2,642,245 shares of the company's stock traded hands, compared to its average volume of 1,907,249. The stock has a 50 day moving average of $93.30 and a 200-day moving average of $96.52. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The company has a market cap of $16.66 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.28%. Omnicom Group's dividend payout ratio (DPR) is presently 38.25%.

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.