LVM Capital Management Ltd. MI Takes Position in Omnicom Group Inc. (NYSE:OMC)

LVM Capital Management Ltd. MI bought a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,795 shares of the business services provider's stock, valued at approximately $585,000.

Several other institutional investors also recently modified their holdings of OMC. State Street Corp increased its holdings in Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock worth $1,468,615,000 after purchasing an additional 759,980 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock worth $525,960,000 after purchasing an additional 72,447 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Omnicom Group by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider's stock valued at $205,682,000 after buying an additional 364,665 shares during the period. Envestnet Asset Management Inc. raised its holdings in Omnicom Group by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,420,264 shares of the business services provider's stock valued at $127,398,000 after buying an additional 81,598 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Omnicom Group by 0.3% during the 2nd quarter. American Century Companies Inc. now owns 997,959 shares of the business services provider's stock worth $89,517,000 after buying an additional 2,797 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OMC shares. JPMorgan Chase & Co. raised their price target on shares of Omnicom Group from $118.00 to $119.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. Barclays increased their price target on Omnicom Group from $110.00 to $121.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Macquarie reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, UBS Group increased their target price 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Omnicom Group has an average rating of "Moderate Buy" and a consensus target price of $110.00.

Omnicom Group Trading Down 2.5 %

Shares of Omnicom Group stock traded down $2.07 on Friday, reaching $82.07. 3,532,358 shares of the company's stock were exchanged, compared to its average volume of 2,247,910. The company has a market capitalization of $16.01 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. Omnicom Group Inc. has a 52 week low of $81.66 and a 52 week 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 firm's 50-day moving average is $95.20 and its two-hundred day moving average is $96.61.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.01. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. Sell-side analysts predict that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, December 20th. Omnicom Group's payout ratio is 38.25%.

Insider Buying and Selling

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the transaction, the chief accounting officer now owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

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.