Forsta AP Fonden Sells 42,900 Shares of Omnicom Group Inc. (NYSE:OMC)

Forsta AP Fonden lowered its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 52.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,100 shares of the business services provider's stock after selling 42,900 shares during the period. Forsta AP Fonden's holdings in Omnicom Group were worth $3,364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in OMC. B. Riley Wealth Advisors Inc. grew its position in shares of Omnicom Group by 23.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 7,601 shares of the business services provider's stock worth $687,000 after purchasing an additional 1,459 shares in the last quarter. Cetera Investment Advisers raised its holdings in Omnicom Group by 2.7% in the 2nd quarter. Cetera Investment Advisers now owns 130,979 shares of the business services provider's stock valued at $11,749,000 after acquiring an additional 3,464 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Omnicom Group during the 2nd quarter valued at $1,259,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Omnicom Group by 29.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,013 shares of the business services provider's stock worth $105,000 after purchasing an additional 233 shares in the last quarter. Finally, Czech National Bank increased its position in shares of Omnicom Group by 6.8% in the third quarter. Czech National Bank now owns 39,855 shares of the business services provider's stock worth $4,121,000 after purchasing an additional 2,536 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Trading Up 0.1 %

Shares of NYSE:OMC traded up $0.11 during midday trading on Friday, hitting $86.63. 4,052,260 shares of the stock were exchanged, compared to its average volume of 1,962,685. The business's 50-day moving average price is $90.36 and its 200 day moving average price is $96.20. Omnicom Group Inc. has a 12 month low of $81.42 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The stock has a market capitalization of $16.90 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.90 and a beta of 0.98.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group's dividend payout ratio (DPR) is currently 38.25%.

Analysts Set New Price Targets

A number of brokerages have issued reports on OMC. JPMorgan Chase & Co. reduced their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Macquarie restated an "outperform" rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company lowered their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.25.

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.