Leisure Capital Management Sells 3,120 Shares of Omnicom Group Inc. (NYSE:OMC)

Leisure Capital Management lessened its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 32.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,418 shares of the business services provider's stock after selling 3,120 shares during the period. Leisure Capital Management's holdings in Omnicom Group were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ST Germain D J Co. Inc. bought a new position in shares of Omnicom Group in the fourth quarter worth $25,000. Versant Capital Management Inc raised 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 valued at $27,000 after acquiring an additional 271 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Omnicom Group during the 3rd quarter valued at about $33,000. HM Payson & Co. grew its holdings in shares of Omnicom Group by 84.5% during the third quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock worth $38,000 after purchasing an additional 169 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Omnicom Group during the third quarter worth about $55,000. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on OMC shares. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Macquarie restated an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. UBS Group increased their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. One 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $108.25.

Omnicom Group Trading Up 0.1 %

Shares of OMC opened at $86.63 on Monday. The stock has a market capitalization of $17.02 billion, a P/E ratio of 11.83, a PEG ratio of 1.89 and a beta of 0.97. Omnicom Group Inc. has a twelve month low of $81.42 and a twelve month high of $107.00. 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 firm has a fifty day simple moving average of $90.36 and a two-hundred day simple moving average of $96.23.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. Omnicom Group's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.