Geode Capital Management LLC Increases Stock Position in Omnicom Group Inc. (NYSE:OMC)

Geode Capital Management LLC grew its stake in Omnicom Group Inc. (NYSE:OMC) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,151,708 shares of the business services provider’s stock after buying an additional 51,148 shares during the period. Geode Capital Management LLC owned approximately 2.62% of Omnicom Group worth $442,453,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new position in Omnicom Group in the fourth quarter worth $25,000. Versant Capital Management Inc boosted its holdings in shares of Omnicom Group by 645.2% in the 4th 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 in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Omnicom Group by 146.6% during 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 in the last quarter. Whittier Trust Co. lifted its position in Omnicom Group by 194.6% in 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 boosted 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 buying an additional 490 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on OMC. Argus downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Barclays decreased their target price 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. Wells Fargo & Company cut their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Macquarie reissued an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $104.43.

Omnicom Group Stock Down 3.6 %

Shares of NYSE:OMC opened at $72.65 on Friday. Omnicom Group Inc. has a 1 year low of $72.54 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The stock’s 50-day moving average is $82.42 and its 200 day moving average is $91.77. The company has a market cap of $14.28 billion, a PE ratio of 9.75, a P/E/G ratio of 1.94 and a beta of 0.87.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating 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 firm earned $2.20 earnings per share. Sell-side analysts anticipate that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.85%. Omnicom Group’s dividend payout ratio is 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.