Omnicom Group Inc. (NYSE:OMC) Stock Holdings Increased by World Investment Advisors LLC

World Investment Advisors LLC boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC - Free Report) by 209.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,311 shares of the business services provider's stock after purchasing an additional 17,815 shares during the quarter. World Investment Advisors LLC's holdings in Omnicom Group were worth $2,720,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OMC. State Street Corp lifted its position in Omnicom Group by 5.7% in the 3rd quarter. State Street Corp now owns 14,118,529 shares of the business services provider's stock valued at $1,468,615,000 after purchasing an additional 759,980 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Omnicom Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 5,100,560 shares of the business services provider's stock worth $525,960,000 after buying an additional 72,447 shares during the period. Bank of New York Mellon Corp grew its holdings in Omnicom Group by 37.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider's stock worth $296,717,000 after buying an additional 892,494 shares in the last quarter. Cooke & Bieler LP grew its holdings in Omnicom Group by 4.8% in the 2nd quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider's stock worth $215,249,000 after buying an additional 109,406 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Omnicom Group by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider's stock valued at $205,682,000 after acquiring an additional 364,665 shares during the period. 91.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OMC shares. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. upped their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. UBS Group raised their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Barclays boosted their price target on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Finally, Macquarie reiterated an "outperform" rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $108.89.

Omnicom Group Price Performance

NYSE:OMC traded up $0.16 during trading hours on Friday, reaching $90.32. 2,083,152 shares of the company's stock were exchanged, compared to its average volume of 1,606,531. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $17.62 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94. Omnicom Group Inc. has a 12 month low of $83.65 and a 12 month high of $107.00. The business's 50-day simple moving average is $101.58 and its two-hundred day simple moving average is $97.20.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.01. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter in the prior year, the firm earned $1.86 EPS. Sell-side analysts expect that Omnicom Group Inc. will post 7.92 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 20th will be given a $0.70 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.10%. Omnicom Group's dividend payout ratio (DPR) is 38.25%.

Insider Buying and Selling

In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of Omnicom Group stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Omnicom Group Company 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.