Mitsubishi UFJ Trust & Banking Corp Sells 3,337 Shares of Omnicom Group Inc. (NYSE:OMC)

Mitsubishi UFJ Trust & Banking Corp lessened its position in Omnicom Group Inc. (NYSE:OMC - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 272,081 shares of the business services provider's stock after selling 3,337 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.14% of Omnicom Group worth $23,410,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Omnicom Group in the 4th quarter valued at $79,321,000. State Street Corp increased its holdings in shares of Omnicom Group by 5.7% in the third quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock worth $1,468,615,000 after acquiring an additional 759,980 shares in the last quarter. World Investment Advisors LLC raised its position in shares of Omnicom Group by 4,413.3% during the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider's stock worth $39,645,000 after purchasing an additional 374,952 shares during the period. Arvest Bank Trust Division bought a new position in shares of Omnicom Group during the 3rd quarter valued at about $21,191,000. Finally, Bank of New York Mellon Corp grew its position in shares of Omnicom Group by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 6,714,693 shares of the business services provider's stock valued at $577,732,000 after purchasing an additional 156,438 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Stock Down 3.8 %

NYSE OMC traded down $3.19 during trading hours on Tuesday, hitting $79.72. 5,537,632 shares of the company traded hands, compared to its average volume of 2,067,892. The stock has a market capitalization of $15.66 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The business's 50-day moving average is $83.05 and its 200-day moving average is $92.17. 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 (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $2.20 earnings per share. Sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.51%. Omnicom Group's payout ratio is 37.58%.

Analyst Ratings Changes

A number of research analysts have weighed in on OMC shares. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company lowered their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a report on Tuesday, December 10th. Macquarie restated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Finally, Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a research note 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $104.43.

Omnicom Group Company 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.