Distillate Capital Partners LLC Has $17.60 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Distillate Capital Partners LLC decreased its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 41.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 204,570 shares of the business services provider's stock after selling 147,286 shares during the period. Distillate Capital Partners LLC owned about 0.10% of Omnicom Group worth $17,601,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in Omnicom Group during the fourth quarter worth $25,000. Versant Capital Management Inc boosted its stake in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC grew 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 valued at $28,000 after acquiring an additional 195 shares in the last quarter. Whittier Trust Co. increased its position in shares of Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after acquiring an additional 323 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Remove Ads

Omnicom Group Stock Performance

Shares of NYSE:OMC traded up $0.33 on Tuesday, hitting $76.87. The company had a trading volume of 3,291,271 shares, compared to its average volume of 2,156,634. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 1.94 and a beta of 0.87. The stock has a 50 day moving average price of $80.19 and a 200 day moving average price of $90.02. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.10. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. Analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.64%. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

Wall Street Analysts Forecast Growth

OMC has been the subject of a number of analyst reports. Citigroup restated a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a research note on Tuesday. Barclays decreased their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, UBS Group lowered their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $104.25.

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.