State of Tennessee Department of Treasury Sells 5,980 Shares of Omnicom Group Inc. (NYSE:OMC)

State of Tennessee Department of Treasury decreased its holdings in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,833 shares of the business services provider's stock after selling 5,980 shares during the quarter. State of Tennessee Department of Treasury's holdings in Omnicom Group were worth $5,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OMC. ST Germain D J Co. Inc. acquired a new position in Omnicom Group during the 4th quarter worth approximately $25,000. Versant Capital Management Inc increased its holdings in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 195 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Omnicom Group by 194.6% during the 4th quarter. Whittier Trust Co. now owns 489 shares of the business services provider's stock valued at $42,000 after acquiring an additional 323 shares in the last quarter. Finally, Trust Co. of Vermont grew its position in Omnicom Group by 742.4% during the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock worth $48,000 after acquiring an additional 490 shares during the last quarter. Institutional investors own 91.97% of the company's stock.

Analyst Ratings Changes

OMC has been the topic of a number of recent research reports. Citigroup reissued a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a research note on Tuesday, April 15th. Wells Fargo & Company cut their target price on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. 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 report on Thursday, March 20th. Finally, Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Trading Up 0.5 %

Shares of NYSE:OMC traded up $0.38 during trading on Tuesday, reaching $75.83. The stock had a trading volume of 1,423,127 shares, compared to its average volume of 2,193,390. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The firm's fifty day moving average is $78.59 and its 200 day moving average is $88.15. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. As a group, equities analysts forecast that Omnicom Group Inc. will post 8.25 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

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.