Omnicom Group Inc. (NYSE:OMC) Shares Sold by Webster Bank N. A.

Webster Bank N. A. trimmed its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 18.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,823 shares of the business services provider’s stock after selling 418 shares during the period. Webster Bank N. A.’s holdings in Omnicom Group were worth $157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of OMC. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group during the 4th quarter valued at approximately $25,000. Versant Capital Management Inc lifted its position in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group during the 3rd quarter valued at approximately $33,000. Davis Capital Management acquired a new stake in shares of Omnicom Group during the 3rd quarter valued at approximately $36,000. Finally, HM Payson & Co. lifted its position in shares of Omnicom Group by 84.5% during the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 169 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OMC. UBS Group lifted their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company cut their price objective on 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. cut their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Barclays cut their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.25.

Omnicom Group Stock Up 2.0 %

OMC stock opened at $88.33 on Tuesday. The stock has a market capitalization of $17.23 billion, a P/E ratio of 12.07, a PEG ratio of 1.88 and a beta of 0.98. 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 company has a 50 day moving average price of $91.65 and a two-hundred day moving average price of $96.44.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.17%. Omnicom Group’s dividend payout ratio is presently 38.25%.

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.