First Trust Advisors LP Raises Stock Holdings in Omnicom Group Inc. (NYSE:OMC)

First Trust Advisors LP grew its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,882,800 shares of the business services provider's stock after purchasing an additional 747,575 shares during the quarter. First Trust Advisors LP owned approximately 1.98% of Omnicom Group worth $334,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Omnicom Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock valued at $1,982,518,000 after buying an additional 99,424 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Omnicom Group by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock valued at $577,732,000 after acquiring an additional 156,438 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Omnicom Group by 50.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,973,061 shares of the business services provider's stock valued at $513,922,000 after acquiring an additional 1,992,695 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Omnicom Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock worth $442,453,000 after acquiring an additional 51,148 shares during the period. Finally, Beutel Goodman & Co Ltd. grew its position in shares of Omnicom Group by 7.1% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider's stock worth $292,698,000 after purchasing an additional 224,870 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Omnicom Group Price Performance

Shares of NYSE:OMC traded up $2.50 on Thursday, reaching $75.75. The company's stock had a trading volume of 1,973,666 shares, compared to its average volume of 3,432,150. The company has a 50-day simple moving average of $79.04 and a 200 day simple moving average of $88.88. 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 $14.89 billion, a P/E ratio of 10.18, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group Inc. has a 52-week low of $69.13 and a 52-week high of $107.00.

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

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders 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 3.70%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's payout ratio is 38.30%.

Omnicom Group Company 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.