Foster & Motley Inc. Sells 3,395 Shares of Omnicom Group Inc. (NYSE:OMC)

Foster & Motley Inc. trimmed its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,987 shares of the business services provider's stock after selling 3,395 shares during the quarter. Foster & Motley Inc. owned 0.06% of Omnicom Group worth $9,377,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of OMC. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted 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 worth $27,000 after acquiring an additional 271 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Omnicom Group in the third quarter worth about $33,000. Davis Capital Management bought a new stake in Omnicom Group in the third quarter valued at approximately $36,000. Finally, HM Payson & Co. grew its holdings in Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock worth $38,000 after acquiring an additional 169 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Omnicom Group Stock Performance

OMC traded up $0.33 during mid-day trading on Thursday, reaching $87.14. 809,563 shares of the company traded hands, compared to its average volume of 2,107,183. Omnicom Group Inc. has a 52-week low of $81.42 and a 52-week high of $107.00. The company's fifty day moving average price is $90.99 and its 200-day moving average price is $96.31. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $17.00 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.88 and a beta of 0.98.

Omnicom Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.21%. Omnicom Group's dividend payout ratio (DPR) is presently 38.25%.

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.