Geode Capital Management LLC Has $442.45 Million Stock Position in Omnicom Group Inc. (NYSE:OMC)

Geode Capital Management LLC lifted its stake in Omnicom Group Inc. (NYSE:OMC - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,151,708 shares of the business services provider's stock after acquiring an additional 51,148 shares during the quarter. Geode Capital Management LLC owned 2.62% of Omnicom Group worth $442,453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in shares of Omnicom Group by 11.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 8,522 shares of the business services provider's stock worth $881,000 after purchasing an additional 900 shares during the last quarter. HighTower Advisors LLC boosted its stake in Omnicom Group by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 277,250 shares of the business services provider's stock worth $28,669,000 after purchasing an additional 5,329 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Omnicom Group by 4.4% during the third quarter. Janus Henderson Group PLC now owns 23,647 shares of the business services provider's stock worth $2,445,000 after purchasing an additional 1,000 shares during the period. Investment Management Corp of Ontario raised its position in Omnicom Group by 51.4% in the third quarter. Investment Management Corp of Ontario now owns 6,483 shares of the business services provider's stock worth $670,000 after acquiring an additional 2,200 shares in the last quarter. Finally, IHT Wealth Management LLC purchased a new stake in Omnicom Group during the third quarter worth about $252,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

OMC has been the topic of several research reports. Macquarie reiterated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Barclays dropped their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. UBS Group dropped their price target 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. Finally, Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $104.43.

Omnicom Group Stock Down 5.2 %

OMC stock traded down $3.95 during trading hours on Thursday, hitting $72.57. The company's stock had a trading volume of 771,509 shares, compared to its average volume of 3,400,472. The stock has a 50 day moving average price of $81.01 and a two-hundred day moving average price of $90.74. Omnicom Group Inc. has a 12 month low of $69.13 and a 12 month high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $14.26 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the prior year, the business posted $2.20 EPS. On average, equities research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.86%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio is 37.58%.

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.