Omnicom Group Inc. (NYSE:OMC) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 92.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,293 shares of the business services provider's stock after selling 66,018 shares during the period. Miller Howard Investments Inc. NY's holdings in Omnicom Group were worth $455,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Resonant Capital Advisors LLC raised its position in Omnicom Group by 1.7% during the third quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider's stock valued at $613,000 after purchasing an additional 97 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Omnicom Group by 17.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider's stock valued at $66,000 after buying an additional 97 shares during the last quarter. Integrated Advisors Network LLC grew its stake in shares of Omnicom Group by 3.8% during the third quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider's stock valued at $279,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Omnicom Group by 2.1% during the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider's stock valued at $514,000 after buying an additional 102 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its stake in shares of Omnicom Group by 1.8% during the third quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider's stock valued at $683,000 after buying an additional 113 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. 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 research note on Tuesday, December 10th. Barclays cut their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Macquarie reissued 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 price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of "Moderate Buy" and an average price target of $108.25.

Omnicom Group Stock Performance

OMC stock traded up $0.66 during midday trading on Thursday, reaching $81.89. The stock had a trading volume of 3,358,189 shares, compared to its average volume of 2,492,710. The stock has a market cap of $16.09 billion, a PE ratio of 10.99, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00. The firm has a fifty day simple moving average of $87.14 and a two-hundred day simple moving average of $95.75. Omnicom Group Inc. has a 52-week low of $80.31 and a 52-week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period last year, the business posted $2.20 earnings per share. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 8.32 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 paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.42%. Omnicom Group's payout ratio is currently 37.58%.

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.