Tredje AP fonden Sells 15,397 Shares of Omnicom Group Inc. (NYSE:OMC)

Tredje AP fonden reduced its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 50.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,398 shares of the business services provider's stock after selling 15,397 shares during the period. Tredje AP fonden's holdings in Omnicom Group were worth $1,325,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of OMC. ST Germain D J Co. Inc. purchased a new stake in Omnicom Group in the 4th quarter valued at $25,000. Versant Capital Management Inc raised its position in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC raised 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 last quarter. Trust Co. of Vermont raised its position in Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider's stock valued at $48,000 after buying an additional 490 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Omnicom Group in the 3rd quarter valued at $55,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on OMC shares. Wells Fargo & Company lowered their price target on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 10th. Barclays lowered their price target on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Argus lowered Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Macquarie reaffirmed an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Omnicom Group presently has a consensus rating of "Moderate Buy" and an average price target of $108.25.

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Omnicom Group Stock Performance

Shares of OMC stock traded up $0.01 on Wednesday, hitting $81.46. 2,731,330 shares of the stock were exchanged, compared to its average volume of 1,862,921. 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 firm has a market capitalization of $16.01 billion, a PE ratio of 10.93, a P/E/G ratio of 1.94 and a beta of 0.98. Omnicom Group Inc. has a one year low of $78.69 and a one year high of $107.00. The firm's 50 day moving average is $83.83 and its two-hundred day moving average is $93.47.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the company posted $2.20 earnings per share. Sell-side analysts expect that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a yield of 3.44%. Omnicom Group's dividend payout ratio is currently 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.