FIL Ltd Decreases Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

FIL Ltd cut its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,545,433 shares of the business services provider's stock after selling 70,924 shares during the quarter. FIL Ltd owned about 2.82% of Omnicom Group worth $477,129,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. ST Germain D J Co. Inc. purchased a new position in Omnicom Group in the fourth quarter valued at about $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 valued at $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its position 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 buying an additional 195 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after acquiring an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont boosted its stake in Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after acquiring an additional 490 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

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Omnicom Group Stock Performance

Shares of OMC stock traded up $1.58 during trading hours on Friday, hitting $75.56. The company's stock had a trading volume of 3,018,198 shares, compared to its average volume of 2,146,850. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company has a 50 day moving average of $80.50 and a 200 day moving average of $90.29. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. The stock has a market cap of $14.85 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 36.39% and a net margin of 9.44%. During the same period in the previous year, the firm 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 company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio is currently 37.58%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OMC shares. JPMorgan Chase & Co. reduced their price target 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 reduced their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. UBS Group lowered their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Finally, Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group has an average rating of "Hold" and a consensus price target of $104.43.

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.