Dimensional Fund Advisors LP Has $249.70 Million Holdings in Omnicom Group Inc. (NYSE:OMC)

Dimensional Fund Advisors LP boosted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,902,160 shares of the business services provider's stock after buying an additional 248,149 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.48% of Omnicom Group worth $249,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OMC. ST Germain D J Co. Inc. bought a new position in shares of Omnicom Group in the 4th quarter worth about $25,000. Versant Capital Management Inc grew its holdings in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after purchasing an additional 195 shares during the last quarter. Whittier Trust Co. boosted its position in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after purchasing an additional 323 shares during the period. Finally, Trust Co. of Vermont grew its stake in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after buying an additional 490 shares during the last quarter. 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 analyst reports. Citigroup reissued a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Barclays dropped their price target on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company reduced their price objective on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lowered their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Price Performance

OMC traded up $3.17 during trading on Thursday, reaching $76.42. The stock had a trading volume of 3,279,122 shares, compared to its average volume of 2,192,899. The stock has a 50 day moving average of $78.92 and a two-hundred day moving average of $88.71. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00.

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

Omnicom Group Announces Dividend

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

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.