Omnicom Group Inc. (NYSE:OMC) Shares Sold by Sienna Gestion

Sienna Gestion cut its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 96.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,427 shares of the business services provider's stock after selling 130,217 shares during the period. Sienna Gestion's holdings in Omnicom Group were worth $467,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Summit Trail Advisors LLC raised its stake in Omnicom Group by 1.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider's stock valued at $683,000 after buying an additional 113 shares during the last quarter. Metis Global Partners LLC grew its position in shares of Omnicom Group by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider's stock valued at $652,000 after acquiring an additional 120 shares during the period. Sompo Asset Management Co. Ltd. boosted its holdings in Omnicom Group by 3.5% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 3,870 shares of the business services provider's stock worth $400,000 after buying an additional 130 shares during the period. Center For Asset Management LLC boosted its holdings in Omnicom Group by 3.3% in the 4th quarter. Center For Asset Management LLC now owns 4,523 shares of the business services provider's stock worth $389,000 after buying an additional 146 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider's stock worth $105,000 after buying an additional 147 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research firms have commented on OMC. Barclays dropped their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Wells Fargo & Company reduced their target price on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Tuesday, December 10th. Macquarie reiterated an "outperform" rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $108.25.

Omnicom Group Stock Performance

OMC traded up $1.24 on Tuesday, reaching $81.54. The stock had a trading volume of 3,726,659 shares, compared to its average volume of 1,859,452. Omnicom Group Inc. has a 12-month low of $78.69 and a 12-month high of $107.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The business's 50-day moving average price is $83.89 and its two-hundred day moving average price is $93.61. The company has a market cap of $16.02 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) 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 last year, the business earned $2.20 EPS. Sell-side analysts forecast that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.43%. Omnicom Group's dividend payout ratio (DPR) is 37.58%.

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.