Omnicom Group Inc. (NYSE:OMC) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,207,966 shares of the business services provider's stock after selling 13,418 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.61% of Omnicom Group worth $103,933,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. acquired a new position in Omnicom Group in the 4th quarter valued at about $25,000. Versant Capital Management Inc grew its holdings in shares of 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 purchasing an additional 271 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after buying an additional 195 shares during the period. Whittier Trust Co. grew its stake in Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock worth $42,000 after purchasing an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of Omnicom Group by 742.4% during the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after buying an additional 490 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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Omnicom Group Stock Performance

Shares of NYSE OMC traded up $1.58 during mid-day trading on Friday, hitting $75.56. 3,018,198 shares of the company were exchanged, compared to its average volume of 2,146,850. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. The stock has a 50 day simple moving average of $80.50 and a 200-day simple moving average of $90.29. Omnicom Group Inc. has a 1-year low of $69.13 and a 1-year high of $107.00.

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 quarter last year, the business earned $2.20 EPS. On average, sell-side analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. reduced their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. UBS Group lowered their target price on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Finally, Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Omnicom Group has a consensus rating of "Hold" and a consensus target price 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.