Delphi Management Inc. MA Decreases Position in Omnicom Group Inc. (NYSE:OMC)

Delphi Management Inc. MA reduced its position in shares of Omnicom Group Inc. (NYSE:OMC) by 0.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,069 shares of the business services provider’s stock after selling 134 shares during the period. Delphi Management Inc. MA’s holdings in Omnicom Group were worth $1,297,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OMC. World Investment Advisors LLC increased its position in shares of Omnicom Group by 209.7% during the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after purchasing an additional 17,815 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Omnicom Group during the 3rd quarter worth $713,000. Thrivent Financial for Lutherans boosted its stake in Omnicom Group by 40.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock worth $3,077,000 after purchasing an additional 8,643 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Omnicom Group by 19.7% during the third quarter. Franklin Resources Inc. now owns 231,068 shares of the business services provider’s stock worth $23,860,000 after buying an additional 38,022 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of Omnicom Group by 15.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 376,701 shares of the business services provider’s stock valued at $32,411,000 after buying an additional 50,153 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Price Performance

NYSE:OMC opened at $80.29 on Tuesday. Omnicom Group Inc. has a 52 week low of $78.69 and a 52 week high of $107.00. The stock’s fifty day moving average is $83.89 and its two-hundred day moving average is $93.61. The company has a market capitalization of $15.78 billion, a P/E ratio of 10.78, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business posted $2.20 earnings per share. Equities analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.49%. Omnicom Group’s dividend payout ratio is currently 37.58%.

Analysts Set New Price Targets

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

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.