Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 16,108 Shares of Omnicom Group Inc. (NYSE:OMC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 37.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,483 shares of the business services provider's stock after selling 16,108 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Omnicom Group were worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions 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 worth $2,720,000 after acquiring an additional 17,815 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new position in shares of Omnicom Group in the third quarter valued at approximately $713,000. Thrivent Financial for Lutherans grew its stake in Omnicom Group by 40.9% during the third quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider's stock valued at $3,077,000 after acquiring an additional 8,643 shares in the last quarter. Franklin Resources Inc. lifted its stake in Omnicom Group by 19.7% in the 3rd quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider's stock worth $23,860,000 after purchasing an additional 38,022 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in Omnicom Group by 15.4% in the 4th 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 purchasing an additional 50,153 shares during the period. 91.97% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

OMC has been the topic of a number of recent analyst reports. Macquarie reiterated an "outperform" rating and issued a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. UBS Group dropped their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, 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 report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $105.75.

Omnicom Group Trading Up 1.2 %

OMC stock traded up $0.95 during trading on Tuesday, reaching $80.38. The company had a trading volume of 2,869,420 shares, compared to its average volume of 1,920,253. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group Inc. has a 52 week low of $78.69 and a 52 week high of $107.00. The business has a 50 day moving average of $83.62 and a 200 day moving average of $92.94. The company has a market cap of $15.79 billion, a P/E ratio of 10.79, a PEG ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last announced 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 period last year, the company posted $2.20 earnings per share. As a group, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's payout ratio is currently 37.58%.

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.