Omnicom Group Inc. (NYSE:OMC) Stock Holdings Increased by Meyer Handelman Co.

Meyer Handelman Co. lifted its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 15.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,314 shares of the business services provider's stock after purchasing an additional 26,073 shares during the quarter. Meyer Handelman Co. owned about 0.10% of Omnicom Group worth $16,375,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OMC. State Street Corp boosted its stake 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 buying an additional 759,980 shares during the last quarter. World Investment Advisors LLC boosted its position in shares of Omnicom Group by 4,413.3% in the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider's stock worth $39,645,000 after acquiring an additional 374,952 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 364,665 shares during the period. Millennium Management LLC increased its position in Omnicom Group by 73.0% during the second quarter. Millennium Management LLC now owns 768,328 shares of the business services provider's stock worth $68,919,000 after purchasing an additional 324,196 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Omnicom Group by 389,021.8% during the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider's stock worth $22,127,000 after purchasing an additional 213,962 shares during the period. Hedge funds and other institutional investors own 91.97% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OMC. 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 research note on Tuesday, December 10th. Barclays boosted their price target on Omnicom Group from $110.00 to $121.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Macquarie reiterated an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a report 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 stock a "buy" rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $110.00.

Omnicom Group Stock Up 0.8 %

NYSE OMC traded up $0.67 on Wednesday, reaching $85.43. The company had a trading volume of 1,431,636 shares, compared to its average volume of 2,314,418. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group Inc. has a 1 year low of $81.42 and a 1 year high of $107.00. The firm has a 50-day moving average of $94.45 and a 200-day moving average of $96.64. The firm has a market capitalization of $16.67 billion, a PE ratio of 11.67, a P/E/G ratio of 2.03 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. On average, equities research analysts anticipate that Omnicom Group Inc. will post 7.94 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.28%. Omnicom Group's dividend payout ratio is presently 38.25%.

Insider Transactions at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company's stock.

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.