Omnicom Group Inc. (NYSE:OMC) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC trimmed its holdings in Omnicom Group Inc. (NYSE:OMC) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,133 shares of the business services provider’s stock after selling 200 shares during the period. Ballentine Partners LLC’s holdings in Omnicom Group were worth $1,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. State Street Corp grew its holdings in shares of Omnicom Group by 5.7% in the third 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 period. World Investment Advisors LLC grew its holdings in shares of Omnicom Group by 4,413.3% in the third quarter. World Investment Advisors LLC now owns 383,448 shares of the business services provider’s stock valued at $39,645,000 after purchasing an additional 374,952 shares during the period. Millennium Management LLC grew its holdings in shares of Omnicom Group by 73.0% in the second quarter. Millennium Management LLC now owns 768,328 shares of the business services provider’s stock valued at $68,919,000 after purchasing an additional 324,196 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Omnicom Group by 389,021.8% in the third quarter. International Assets Investment Management LLC now owns 214,017 shares of the business services provider’s stock valued at $22,127,000 after purchasing an additional 213,962 shares during the period. Finally, Arvest Bank Trust Division purchased a new stake in shares of Omnicom Group in the third quarter valued at about $21,191,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Up 1.4 %

NYSE OMC opened at $86.57 on Wednesday. The firm has a 50 day simple moving average of $92.92 and a 200-day simple moving average of $96.55. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. Omnicom Group Inc. has a one year low of $81.42 and a one year high of $107.00. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.81 and a beta of 0.98.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s payout ratio is 38.25%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OMC. JPMorgan Chase & Co. upped their price objective on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company lowered their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.00.

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.