Capital Research Global Investors Decreases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

Capital Research Global Investors lessened its holdings in Omnicom Group Inc. (NYSE:OMC - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,907,985 shares of the business services provider's stock after selling 20,534 shares during the period. Capital Research Global Investors owned about 1.48% of Omnicom Group worth $250,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Center For Asset Management LLC lifted its position in shares of Omnicom Group by 3.3% during the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock valued at $389,000 after buying an additional 146 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock worth $105,000 after buying an additional 147 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Omnicom Group by 6.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider's stock worth $217,000 after acquiring an additional 161 shares during the last quarter. Convergence Financial LLC grew its stake in Omnicom Group by 6.5% during the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider's stock valued at $232,000 after acquiring an additional 165 shares in the last quarter. Finally, Impact Partnership Wealth LLC grew its stake in Omnicom Group by 2.9% during the 4th quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider's stock valued at $559,000 after acquiring an additional 182 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Trading Up 4.3 %

Shares of NYSE OMC traded up $3.17 during trading on Thursday, reaching $76.42. The stock had a trading volume of 3,279,118 shares, compared to its average volume of 2,192,799. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The company has a market cap of $15.02 billion, a P/E ratio of 10.26, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a fifty-two week low of $69.13 and a fifty-two week high of $107.00. The business's 50-day moving average price is $79.04 and its 200-day moving average price is $88.88.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. On average, equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's payout ratio is currently 38.30%.

Analyst Upgrades and Downgrades

OMC has been the topic of several recent research reports. UBS Group lowered their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Citigroup reissued a "buy" rating and set a $103.00 price objective on shares of Omnicom Group in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of "Moderate Buy" and an average price target of $101.29.

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.