Massachusetts Financial Services Co. MA Boosts Holdings in Omnicom Group Inc. (NYSE:OMC)

Massachusetts Financial Services Co. MA grew its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 50.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,973,061 shares of the business services provider's stock after purchasing an additional 1,992,695 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 3.04% of Omnicom Group worth $513,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in OMC. Vanguard Group Inc. boosted its position in Omnicom Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 23,041,818 shares of the business services provider's stock valued at $1,982,518,000 after buying an additional 99,424 shares during the period. State Street Corp boosted its holdings in shares of Omnicom Group by 5.7% during the third 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 during the period. Bank of New York Mellon Corp grew its stake in shares of Omnicom Group by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock worth $577,732,000 after purchasing an additional 156,438 shares during the last quarter. Geode Capital Management LLC increased its holdings in Omnicom Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock valued at $442,453,000 after purchasing an additional 51,148 shares during the period. Finally, Beutel Goodman & Co Ltd. raised its position in Omnicom Group by 7.1% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 3,401,890 shares of the business services provider's stock valued at $292,698,000 after purchasing an additional 224,870 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

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Omnicom Group Stock Down 1.4 %

Shares of NYSE:OMC traded down $1.03 on Monday, hitting $71.56. 1,427,916 shares of the company traded hands, compared to its average volume of 2,094,682. The company has a market cap of $14.07 billion, a PE ratio of 9.60, a PEG ratio of 1.94 and a beta of 0.87. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52 week low of $70.00 and a 52 week high of $107.00. The stock has a 50 day simple moving average of $82.42 and a 200-day simple moving average of $91.62.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the business posted $2.20 EPS. As a group, research analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's dividend payout ratio is currently 37.58%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OMC. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Barclays decreased their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Macquarie reaffirmed an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target 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. 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $104.43.

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.