Omnicom Group Inc. (NYSE:OMC) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 72.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,586 shares of the business services provider's stock after selling 40,892 shares during the period. Pacer Advisors Inc.'s holdings in Omnicom Group were worth $1,341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OMC. B. Riley Wealth Advisors Inc. raised its stake in Omnicom Group by 23.8% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 7,601 shares of the business services provider's stock valued at $687,000 after purchasing an additional 1,459 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Omnicom Group by 2.7% during the second quarter. Cetera Investment Advisers now owns 130,979 shares of the business services provider's stock worth $11,749,000 after buying an additional 3,464 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Omnicom Group in the second quarter valued at about $1,259,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Omnicom Group by 29.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,013 shares of the business services provider's stock worth $105,000 after buying an additional 233 shares in the last quarter. Finally, Czech National Bank boosted its position in Omnicom Group by 6.8% during the third quarter. Czech National Bank now owns 39,855 shares of the business services provider's stock worth $4,121,000 after acquiring an additional 2,536 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Trading Up 0.1 %

NYSE OMC opened at $86.63 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a market cap of $16.90 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.90 and a beta of 0.98. The firm has a 50 day simple moving average of $90.36 and a 200-day simple moving average of $96.20. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, December 20th. Omnicom Group's dividend payout ratio is currently 38.25%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OMC. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Macquarie reissued an "outperform" rating and set a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. UBS Group lifted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company dropped their price target 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. Finally, Barclays reduced 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 report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of "Moderate Buy" and an average target price of $108.25.

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.

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