Omnicom Group Inc. (NYSE:OMC) Shares Bought by Shelton Capital Management

Shelton Capital Management lifted its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,871 shares of the business services provider's stock after acquiring an additional 12,400 shares during the quarter. Shelton Capital Management owned 0.06% of Omnicom Group worth $10,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Center For Asset Management LLC grew its holdings in Omnicom Group by 3.3% during the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock worth $389,000 after acquiring an additional 146 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Omnicom Group by 13.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock valued at $105,000 after buying an additional 147 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Omnicom Group by 6.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,523 shares of the business services provider's stock valued at $217,000 after buying an additional 161 shares in the last quarter. Convergence Financial LLC boosted its position in shares of Omnicom Group by 6.5% during the 4th quarter. Convergence Financial LLC now owns 2,694 shares of the business services provider's stock worth $232,000 after acquiring an additional 165 shares in the last quarter. Finally, Impact Partnership Wealth LLC lifted its stake in Omnicom Group by 2.9% during the fourth quarter. Impact Partnership Wealth LLC now owns 6,493 shares of the business services provider's stock worth $559,000 after purchasing an additional 182 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

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Omnicom Group Price Performance

Shares of Omnicom Group stock traded up $1.58 during trading on Friday, reaching $75.56. The company's stock had a trading volume of 3,018,198 shares, compared to its average volume of 2,146,850. The business has a 50 day moving average price of $80.50 and a 200-day moving average price of $90.29. Omnicom Group Inc. has a 12-month low of $69.13 and a 12-month high of $107.00. The company has a market capitalization of $14.85 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

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 for the quarter, topping the consensus estimate 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 quarter last year, the company earned $2.20 EPS. As a group, sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 37.58%.

Analysts Set New Price Targets

OMC has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 27th. UBS Group cut their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Barclays decreased their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $104.43.

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.