New York State Teachers Retirement System Sells 13,649 Shares of Omnicom Group Inc. (NYSE:OMC)

New York State Teachers Retirement System cut its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,723 shares of the business services provider's stock after selling 13,649 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Omnicom Group worth $13,312,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA purchased a new stake in Omnicom Group in the 4th quarter worth approximately $366,000. Asset Management One Co. Ltd. raised its holdings in Omnicom Group by 1.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 73,809 shares of the business services provider's stock worth $6,384,000 after purchasing an additional 835 shares in the last quarter. Avestar Capital LLC lifted its position in Omnicom Group by 19.7% during the fourth quarter. Avestar Capital LLC now owns 2,596 shares of the business services provider's stock valued at $223,000 after buying an additional 427 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Omnicom Group by 10.7% during the 4th quarter. Van ECK Associates Corp now owns 99,353 shares of the business services provider's stock valued at $8,549,000 after buying an additional 9,590 shares in the last quarter. Finally, Edmp Inc. grew its position in shares of Omnicom Group by 20.2% in the 4th quarter. Edmp Inc. now owns 8,139 shares of the business services provider's stock worth $700,000 after buying an additional 1,366 shares during the period. 91.97% of the stock is owned by institutional investors.

Omnicom Group Stock Performance

Shares of NYSE OMC traded down $1.34 during trading on Friday, hitting $82.27. The company had a trading volume of 2,198,586 shares, compared to its average volume of 2,530,070. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. Omnicom Group Inc. has a 12 month low of $80.31 and a 12 month high of $107.00. The firm has a market capitalization of $16.16 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97. The stock has a 50 day simple moving average of $85.60 and a 200 day simple moving average of $95.21.

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 return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the previous year, the company earned $2.20 earnings per share. As a group, analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.40%. Omnicom Group's dividend payout ratio (DPR) is 37.58%.

Analyst Upgrades and Downgrades

OMC has been the topic of a number of recent research reports. Barclays cut their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Macquarie reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company decreased their price target on 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average 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.