Artisan Partners Limited Partnership Boosts Stock Position in Omnicom Group Inc. (NYSE:OMC)

Artisan Partners Limited Partnership raised its holdings in Omnicom Group Inc. (NYSE:OMC) by 0.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 556,224 shares of the business services provider’s stock after acquiring an additional 286 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.28% of Omnicom Group worth $47,858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. ST Germain D J Co. Inc. purchased a new position in Omnicom Group in the 4th quarter worth about $25,000. Versant Capital Management Inc increased its position in shares of 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 acquiring an additional 271 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Omnicom Group by 194.6% in the fourth quarter. Whittier Trust Co. now owns 489 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 323 shares during the period. Finally, Trust Co. of Vermont grew its stake in Omnicom Group by 742.4% in the fourth quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after purchasing an additional 490 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on OMC. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group lowered their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company cut their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th. Macquarie reaffirmed 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 cut their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.43.

Omnicom Group Price Performance

Shares of OMC opened at $80.24 on Friday. The company has a 50 day moving average of $83.24 and a two-hundred day moving average of $92.52. 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 Inc. has a twelve month low of $78.69 and a twelve month high of $107.00. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share 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 period in the previous year, the business posted $2.20 earnings per share. As a group, analysts predict that Omnicom Group Inc. will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

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