World Investment Advisors Purchases 4,685 Shares of Omnicom Group Inc. (NYSE:OMC)

World Investment Advisors increased its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 17.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,996 shares of the business services provider's stock after buying an additional 4,685 shares during the quarter. World Investment Advisors' holdings in Omnicom Group were worth $2,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in OMC. ST Germain D J Co. Inc. bought a new position in shares of Omnicom Group during the 4th quarter valued at about $25,000. Versant Capital Management Inc boosted its holdings in 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 purchasing an additional 271 shares during the last quarter. Venturi Wealth Management LLC increased its stake 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. Whittier Trust Co. boosted its stake 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 worth $42,000 after buying an additional 323 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in Omnicom Group by 742.4% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. UBS Group dropped their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Argus cut Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Macquarie restated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. Finally, Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $104.43.

Omnicom Group Price Performance

NYSE:OMC traded down $3.69 on Thursday, hitting $72.83. The company had a trading volume of 944,029 shares, compared to its average volume of 2,124,865. The firm has a 50 day moving average of $81.01 and a two-hundred day moving average of $90.74. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 1.94 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group Inc. has a 52 week low of $69.13 and a 52 week high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last announced 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 quarter in the prior year, the firm posted $2.20 EPS. On average, research analysts anticipate that Omnicom Group Inc. will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's payout ratio is currently 37.58%.

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.