Omnicom Group Inc. (NYSE:OMC) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP decreased its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 81.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,836 shares of the business services provider's stock after selling 37,550 shares during the quarter. Mirabella Financial Services LLP's holdings in Omnicom Group were worth $760,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in OMC. World Investment Advisors LLC lifted its position in shares of Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider's stock valued at $2,720,000 after buying an additional 17,815 shares during the last quarter. Franklin Resources Inc. lifted its position in Omnicom Group by 19.7% during the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider's stock valued at $23,860,000 after acquiring an additional 38,022 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in Omnicom Group by 15.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider's stock valued at $32,411,000 after acquiring an additional 50,153 shares in the last quarter. Arvest Bank Trust Division purchased a new position in Omnicom Group in the third quarter worth $21,191,000. Finally, Avanza Fonder AB acquired a new position in shares of Omnicom Group during the fourth quarter worth $1,544,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

Omnicom Group Trading Up 4.3 %

Shares of NYSE:OMC traded up $3.17 during mid-day trading on Thursday, reaching $76.42. 3,279,122 shares of the company were exchanged, compared to its average volume of 2,192,899. Omnicom Group Inc. has a 1 year low of $69.13 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The firm's 50-day simple moving average is $79.04 and its 200 day simple moving average is $88.88. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. Equities research analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.66%. Omnicom Group's payout ratio is currently 38.30%.

Analyst Ratings Changes

Several research firms recently issued reports on OMC. Barclays cut their target price on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company decreased their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Citigroup reissued a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research report on Tuesday, April 15th. Finally, UBS Group reduced their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Omnicom Group presently has an average rating of "Moderate Buy" and a consensus target price of $101.29.

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.