Meriwether Wealth & Planning LLC Invests $470,000 in Omnicom Group Inc. (NYSE:OMC)

Meriwether Wealth & Planning LLC acquired a new position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,461 shares of the business services provider's stock, valued at approximately $470,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new position in Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc lifted its stake in 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 purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Brooklyn Investment Group acquired a new position in Omnicom Group in the 3rd quarter valued at approximately $55,000. Finally, Trust Co. of Vermont increased its position 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 valued at $48,000 after acquiring an additional 490 shares during the period. Institutional investors and hedge funds own 91.97% of the company's stock.

Omnicom Group Price Performance

OMC opened at $84.90 on Monday. The company's 50-day simple moving average is $84.42 and its two-hundred day simple moving average is $94.33. Omnicom Group Inc. has a 52-week low of $79.57 and a 52-week high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market capitalization of $16.68 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.94 and a beta of 0.98.

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Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results 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 period last year, the business posted $2.20 earnings per share. As a group, analysts predict that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is currently 37.58%.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. Macquarie reiterated an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Barclays reduced their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and a consensus target price of $108.25.

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.

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