Kingsview Wealth Management LLC Has $207,000 Stake in Omnicom Group Inc. (NYSE:OMC)

Kingsview Wealth Management LLC trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 90.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,403 shares of the business services provider's stock after selling 21,918 shares during the period. Kingsview Wealth Management LLC's holdings in Omnicom Group were worth $207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ST Germain D J Co. Inc. acquired a new stake in Omnicom Group during the 4th quarter valued at $25,000. Versant Capital Management Inc grew its holdings in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after buying an additional 271 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Omnicom Group during the third quarter valued at $33,000. HM Payson & Co. raised its position in Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock valued at $38,000 after buying an additional 169 shares during the period. Finally, Trust Co. of Vermont lifted its stake in Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Stock Up 0.2 %

NYSE:OMC traded up $0.17 during trading hours on Wednesday, reaching $83.66. The company's stock had a trading volume of 2,296,317 shares, compared to its average volume of 2,510,779. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. Omnicom Group Inc. has a one year low of $80.31 and a one year high of $107.00. The business's 50-day moving average is $85.90 and its 200-day moving average is $95.37.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the previous year, the company earned $2.20 earnings per share. Equities research analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.35%. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company lowered their price objective on shares of 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. Macquarie reiterated an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays lowered their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Finally, Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $108.25.

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.