Callan Family Office LLC Buys New Position in Omnicom Group Inc. (NYSE:OMC)

Callan Family Office LLC purchased a new stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,555 shares of the business services provider's stock, valued at approximately $306,000.

A number of other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Omnicom Group during the 4th quarter worth $79,321,000. Cullen Frost Bankers Inc. raised its position in shares of Omnicom Group by 0.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 175,439 shares of the business services provider's stock worth $15,095,000 after acquiring an additional 1,046 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Omnicom Group by 1.3% in the fourth quarter. Arizona State Retirement System now owns 56,826 shares of the business services provider's stock worth $4,889,000 after acquiring an additional 719 shares during the period. Aigen Investment Management LP bought a new stake in Omnicom Group in the fourth quarter valued at approximately $279,000. Finally, Proficio Capital Partners LLC acquired a new stake in Omnicom Group during the 4th quarter valued at approximately $5,125,000. Institutional investors and hedge funds own 91.97% of the company's stock.

Wall Street Analysts Forecast Growth

OMC has been the subject of several recent analyst reports. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Wells Fargo & Company lowered their price objective on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Macquarie reissued an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Omnicom Group currently has an average rating of "Moderate Buy" and an average price target of $108.25.

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Omnicom Group Stock Down 2.5 %

Omnicom Group stock traded down $2.10 during mid-day trading on Wednesday, reaching $80.41. The stock had a trading volume of 1,796,832 shares, compared to its average volume of 1,841,050. The firm has a market capitalization of $15.80 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a fifty-two week low of $79.33 and a fifty-two week high of $107.00. The stock's 50-day simple moving average is $84.35 and its 200-day simple moving average is $94.13. 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 (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the prior year, the company posted $2.20 earnings per share. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's payout ratio is presently 37.58%.

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.