Livforsakringsbolaget Skandia Omsesidigt Has $6.99 Million Stake in Omnicom Group Inc. (NYSE:OMC)

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 24.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,718 shares of the business services provider's stock after acquiring an additional 16,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Omnicom Group were worth $6,991,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group during the 4th quarter worth $25,000. Versant Capital Management Inc grew its position in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after acquiring an additional 271 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Omnicom Group in the third quarter worth about $33,000. HM Payson & Co. lifted its holdings in shares of Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider's stock worth $38,000 after acquiring an additional 169 shares during the last quarter. Finally, Trust Co. of Vermont boosted its stake in shares of 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 purchasing an additional 490 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Down 0.3 %

Shares of OMC traded down $0.24 during mid-day trading on Tuesday, reaching $82.34. 1,963,212 shares of the company were exchanged, compared to its average volume of 2,448,278. The business has a 50 day simple moving average of $88.01 and a two-hundred day simple moving average of $95.94. Omnicom Group Inc. has a 52 week low of $81.42 and a 52 week high of $107.00. The stock has a market capitalization of $16.18 billion, a PE ratio of 11.05, a PEG 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.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly 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 net margin of 9.44% and a return on equity of 36.39%. During the same period in the prior year, the company posted $2.20 EPS. On average, analysts predict that Omnicom Group Inc. will post 8.32 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.40%. Omnicom Group's dividend payout ratio (DPR) is currently 37.58%.

Analyst Ratings Changes

Several equities analysts recently commented on OMC shares. Wells Fargo & Company dropped 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. Macquarie reiterated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. UBS Group boosted their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their target price on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Finally, Barclays reduced their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.25.

About Omnicom Group

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.