Omnicom Group Inc. (NYSE:OMC) Shares Acquired by Fmr LLC

FMR LLC raised its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 250.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,010,547 shares of the business services provider's stock after acquiring an additional 1,436,231 shares during the quarter. FMR LLC owned approximately 1.02% of Omnicom Group worth $172,987,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Russell Investments Group Ltd. grew its holdings in shares of Omnicom Group by 3.1% in the fourth quarter. Russell Investments Group Ltd. now owns 366,851 shares of the business services provider's stock valued at $31,550,000 after purchasing an additional 10,972 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of Omnicom Group during the fourth quarter worth $13,204,000. Aviva PLC raised its stake in shares of Omnicom Group by 37.4% in the fourth quarter. Aviva PLC now owns 117,899 shares of the business services provider's stock valued at $10,144,000 after acquiring an additional 32,073 shares in the last quarter. KCM Investment Advisors LLC increased its holdings in Omnicom Group by 4.2% during the 4th quarter. KCM Investment Advisors LLC now owns 24,375 shares of the business services provider's stock worth $2,097,000 after purchasing an additional 972 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new stake in Omnicom Group in the 4th quarter valued at about $5,216,000. Institutional investors and hedge funds own 91.97% of the company's stock.

Analysts Set New Price Targets

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

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Omnicom Group Stock Performance

NYSE OMC traded up $0.33 during trading hours on Tuesday, hitting $76.87. The company had a trading volume of 3,291,271 shares, compared to its average volume of 2,156,632. The business has a 50 day moving average of $80.19 and a 200-day moving average of $90.02. The company has a market cap of $15.11 billion, a PE ratio of 10.32, 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. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.10. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. As a group, equities research analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.64%. Omnicom Group's payout ratio is 37.58%.

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.